Which of the Following Statements Is Correct

question 15

Multiple Choice

Which of the following statements is correct?

• A)If a firm has a very high fixed asset turnover, it means that the firm may be nearing its maximum production capacity.
• B)An extremely low average collection period will maximize net income.
• C)In general, a firm should strive for a high average payment period because it wants to pay for its purchases as quickly as possible.
• D)All of these statements are correct.

Understand strategies for enhancing persuasiveness and credibility in communication.

Identify appropriate communication approaches for sensitive organizational changes.

Recognize barriers to effective communication within an organization.

Determine the impact of noise in the communication process and strategies for its reduction.

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Definitions:

Equal Pay Act

A U.S. law enacted in 1963 aimed at abolishing wage disparity based on sex.

Non-liquidated Damages

Compensation amounts not specified in a contract, to be determined in case of a breach according to the actual harm suffered.

Employer Fines

Penalties imposed on employers for violations of employment laws or regulations.

Cultural Diversity

The existence of a variety of cultural or ethnic groups within a society.