The ________ Ratio May Indicate Poor Collections Procedures or a Lax

question 38

Multiple Choice

The ________ ratio may indicate poor collections procedures or a lax credit policy.

• A) average payment period
• B) inventory turnover
• C) average collection period
• D) quick

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Definitions:

Defence Mechanism

Psychological strategies employed unconsciously to protect oneself from anxiety-arising thoughts or feelings.

Stress

A state of mental or emotional strain or tension resulting from adverse or demanding circumstances.

Rationalization

The process of providing reasonable explanations to justify behaviors or decisions that may otherwise appear irrational.

Projection

A psychological defense mechanism where individuals attribute their own undesirable thoughts, feelings, or motives to another person.