(Consider This) the Average Life Expectancy of a U

question 13

Multiple Choice

(Consider This) The average life expectancy of a U.S. business is approximately

• A) 2 years.
• B) 9.5 years.
• C) 10.2 years.
• D) 22 years.

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Definitions:

Collection Time

The average duration it takes for a company to collect payments owed by its customers, often measured in days.

Average Daily Receipts

The average amount of money a business receives on a day-to-day basis over a specified period.

Opportunity Cost

The cost of foregone alternatives, representing the benefits an individual, investor, or business misses out on when choosing one alternative over another.