A Low Receivable Turnover Indicates That

question 87

Multiple Choice

A low receivable turnover indicates that

• A)few customers are defaulting on their debts.
• B)a large proportion of the company's sales are on credit.
• C)the company's inventory is moving very quickly.
• D)customers are making payments slowly.

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Definitions:

Abstract Thought

Abstract thought is the ability to think about objects, principles, and ideas that are not physically present, involving complex processes such as problem-solving and theorizing.

Centration

A cognitive limitation in early childhood, where a child focuses only on one aspect of a situation and ignores other relevant aspects.

Animism

The belief that objects, places, and creatures all possess a distinct spiritual essence or soul.

Concrete Operational Stage

A developmental phase in children, identified by Jean Piaget, typically occurring between ages 7 and 12, where children begin to think logically about concrete events.