If Your Firm's DSO or Aging Schedule Deteriorates from the First

question 103

True/False

If your firm's DSO or aging schedule deteriorates from the first quarter of the year to the second quarter, this is a clear indication that your firm's credit policy has weakened.

---

Definitions:

Income Mobility

The ability of an individual or family to move up or down the economic ladder within a society over time.

Higher Income Groupings

Refers to classifications of individuals or households that earn above a certain threshold of income, often compared within a broader economic context.

Lower Income Groupings

classifications of individuals or families that earn relatively less income compared to the median or average levels within a society.

Income Inequality

The unequal distribution of household or individual income across the various participants in an economy, leading to social and economic disparities.