Human Resources and Skills Development Canada (HRSDC)has Noted That Important

question 8

Multiple Choice

Human Resources and Skills Development Canada (HRSDC) has noted that important skills among employees and management include

• A)team building and priority management skills.
• B)relationship and technical skills.
• C)outsourcing skills.
• D)technical skills.
• E)relationship building skills.

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Definitions:

Accounts Receivable Period

The standard length of time required for an enterprise to collect receivables from clients for credit sales of goods or services.

Operating Cycle

The duration it takes for a company to purchase inventory, sell products, and receive cash from sales, indicating the company's efficiency in managing its core operations.

Inventory Period

The average time it takes for inventory to be sold and replaced over a period, a key component of efficiency in supply chain management.

Accounts Payable Period

The average duration it takes for a company to pay off its suppliers after receiving goods or services.