In the Absence of a Goal, It Is Difficult to Rely

question 19

True/False

In the absence of a goal, it is difficult to rely on trial and error to figure out how best to do a task.

---

Definitions:

Days' Sales

This is a measure of a company’s operational efficiency, indicating how many days it takes for a company to turn its inventory into sales.

Average Collection Period

The average amount of time it takes for a business to receive payments owed by its customers.

Accounts Payable

The amount a company owes to its suppliers or vendors for goods or services received but not yet paid for.