The A/R Turnover Ratio Is the Ratio of Net Credit

question 195

True/False

The A/R turnover ratio is the ratio of net credit sales to average net accounts receivable.

---

Definitions:

Functional Fixedness

A cognitive bias that limits a person to using an object only in the way it is traditionally used, preventing them from seeing alternative uses.

Mental Sets

The tendency to approach situations in a certain way because that method has worked in the past.

General Intelligence

A theory proposing that a single factor underlies intelligence, often denoted as "g," influencing a person's ability to learn and understand across a variety of tasks.

Types Of Intelligence

Various classifications of human intelligence, including logical-mathematical, linguistic, spatial, musical, bodily-kinesthetic, interpersonal, intrapersonal, and naturalist intelligences.