A Firm Has a Cash Conversion Cycle of 60 Days

question 228

Multiple Choice

A firm has a cash conversion cycle of 60 days and average collection period of 40 days. The firm's operating cycle is ________ days.

• A) 20
• B) 100
• C) 50
• D) cannot be determined

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Definitions:

Knowledge-based Economy

An economic system where growth is primarily driven by the production, distribution, and use of knowledge and information.

Educational Attainment

The highest level of education an individual has completed, often used as a measure of skill and qualification for employment.

Cultural Forces

Refers to the various social and cultural factors that influence behaviors, values, and practices within a society or organization.

Core Cultural Values

Fundamental beliefs or principles that are widely accepted within a society, shaping behaviors and norms.