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According to the text, which of the following is a type of discretion that is sometimes argued about abolishing?
Unsecured Promissory Note
A type of debt instrument that doesn’t require collateral but is backed only by the borrower's promise to pay the lender back.
Cash Conversion Cycle
The time it takes for a company to convert its investments in inventory into cash flows from sales.
Inventory System
An inventory system is a mechanism for tracking the sale, purchase, and storage of goods, facilitating efficient management and control of inventory.
DSO
Days Sales Outstanding, a financial metric that calculates the average number of days it takes a company to collect payment after a sale has been made.
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