The Ratio That Indicates How Many Days It Takes to Turn

question 85

Multiple Choice

The ratio that indicates how many days it takes to turn accounts receivable into cash is the:

• A) accounts receivable turnover ratio.
• B) average turnover ratio.
• C) average collection period.
• D) quick assets turnover ratio.

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Definitions:

Virtual Teams

Teams that work together through electronic means across various locations and often time zones, relying heavily on communication technologies.

Conventional Teams

Traditional groups of individuals assigned to perform tasks and achieve goals within an organizational structure, often characterized by fixed roles and hierarchy.

Information Technology

The use of computers and software to manage information.

Dysfunctional Norm

A group standard or behavior that is counterproductive to the organization's goals or to the well-being of its members.