The Payables Turnover Is Measured

question 33

Multiple Choice

The payables turnover is measured

• A)in days.
• B)as a percentage.
• C)in dollars.
• D)in times.

---

Definitions:

Public Goods

Public goods are commodities or services that are provided without profit to all members of a society, either by the government or a private individual or organization.

Nonexclusive Good

Good that people cannot be excluded from consuming, so that it is difficult or impossible to charge for its use.

Exclusive Good

A product or service that is only available to a specific group of consumers or requires special access, often characterized by high quality and price.

Negative Externality

A cost that affects a party who did not choose to incur that cost, often associated with environmental pollution.