The ________ of a Firm Is the Amount of Time

question 332

Multiple Choice

The ________ of a firm is the amount of time that elapses from the point when the firm makes an outlay to purchase raw materials to the point when cash is collected from the sale of the finished good.

• A) cash turnover
• B) cash conversion cycle
• C) average age of inventory
• D) average collection period

---

Definitions:

Intellectual Property

Legal rights that are granted to inventors and creators over their inventions, designs, and artistic works.

Wholly Owned Subsidiary

A new legal entity set up for operation in a foreign market that is legally a separate company but is fully owned by the parent firm.

Turnkey Operation

A type of project that is constructed so that it could be sold to any buyer as a completed product. This term is commonly used in the real estate sector.

Trademark Burgers

Proprietary burgers that are legally protected by trademarks to distinguish their origin and ensure the uniqueness.