The Average Collection Period Measures the Average

question 47

Multiple Choice

The average collection period measures the average:

• A)time necessary to collect a credit sale.
• B)number of customers per day who charge their purchases.
• C)time for a credit customer to return to make a second purchase.
• D)number of times a credit customer charges a purchase during a year.
• E)number of items purchased in each credit transaction.

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Definitions:

Terminal Ganglia

Groups of nerve cells situated close to or inside the organs they supply nerves to, playing a role in the autonomic nervous system.

Carotid Baroreceptors

Sensory receptors located in the carotid arteries that detect changes in blood pressure and help regulate cardiovascular function.

Glossopharyngeal Nerve

The ninth cranial nerve, which carries sensory and motor information to the pharynx, tongue, and other areas, playing a role in swallowing and taste.

Sympathetic Nerve

Part of the autonomic nervous system that prepares the body for fight or flight response, regulating heart rate, blood pressure, and energy mobilization.