The Accounts Receivable Turnover Ratio Is a Measure of a Company's

question 205

True/False

The accounts receivable turnover ratio is a measure of a company's solvency.

---

Definitions:

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, representing a five-tier model of human needs, depicted as hierarchical levels within a pyramid.

Esteem Needs

According to Maslow's hierarchy of needs, these are the higher-level needs related to self-esteem, self-respect, and the respect of others.

Higher-Order Needs

Refers to personal growth and fulfillment needs in Maslow's hierarchy, including esteem and self-actualization needs.

Clayton Alderfer

An American psychologist known for developing ERG theory, a model that categorizes human needs into three categories: Existence, Relatedness, and Growth.