One Process,which Is Transparent to Customers and Has a Beneficial

question 28

Multiple Choice

One process,which is transparent to customers and has a beneficial effect on the company's cash flow,is to

• A) implement a cycle billing plan.
• B) factor accounts receivable.
• C) decrease the amount of time in which customers have to pay their monthly invoices.
• D) Answers B and C are both correct.

---

Definitions:

Population Parameter

A numerical value that describes a characteristic of an entire population, such as the mean or standard deviation.

Point Estimate

A single value given as the best guess or estimate of a population parameter based on sample data.

Interval Estimate

An interval estimate is a range of values derived from sample statistics that is likely to contain the value of an unknown population parameter.

Population Parameter

A numerical value summarizing the entire population that can often be estimated by a statistic derived from a sample.