Other Factors Remaining Constant, an Increase in the Average Payment

question 2

Multiple Choice

Other factors remaining constant, an increase in the average payment period will result in ________.

• A) a decrease in the average collection period
• B) a decrease in the cash conversion cycle
• C) an increase in the cash conversion cycle
• D) an increase in the average collection period

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Definitions:

Caring Attitude

Demonstrating genuine concern and empathy towards others’ feelings and needs.

Groupthink

A psychological phenomenon that occurs within a group of people when the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Control of Attitude

The ability to regulate one's own emotional response or outlook, particularly in challenging or uncertain situations.

Positive Attitudes

Describes a mindset that focuses on the good aspects of situations, promotes optimism, and contributes to well-being.