Which Statement Is Not Correct

question 63

Multiple Choice

Which statement is not correct?

• A)A business will prefer a shorter settlement time for its accounts receivable rather than a longer settlement period.
• B)An asset turnover figure of 1.5 times is preferred to a figure of 1.2 times.
• C)A business will prefer a longer average inventory turnover time rather than a shorter turnover time.
• D)None of the statements, i.e., all are correct.

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Definitions:

Fine Art

A category of art that is created primarily for aesthetic and intellectual purposes, including painting, sculpture, drawing, watercolor, graphics, and architecture.

Medium Of Exchange

A function of money that allows it to be used as an intermediary in trade, facilitating the sale, purchase, or trade of goods between parties.

Barter

Barter is a system of exchange where goods or services are directly traded for other goods or services without using a medium of exchange, such as money.

Extermination Services

Professional services aimed at eliminating unwanted pests, insects, or animals from homes, businesses, or specific areas.