A Firm Has an Operating Cycle of 170 Days, an Average

question 138

Multiple Choice

A firm has an operating cycle of 170 days, an average payment period of 50 days, and an average age of inventory of 145 days. The firm's average collection period is ________ days.

• A) 25
• B) 75
• C) 95
• D) 120

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Definitions:

Economic Goals

Objectives that individuals, businesses, or governments aim to achieve to ensure sustainable economic growth and development.

Industrial Unionism

A labor union organizing method where all workers in the same industry are organized into the same union, regardless of skill or trade.

Job Control Unionism

A labor relations strategy focused on the collective negotiation of work roles, conditions, and terms of employment by unions to protect workers’ interests.

Lack Of Flexibility

The inability or unwillingness to adapt to new conditions or circumstances, which can hinder progress and efficiency.