Which of the Following Is Popular Among Businesses with Employees

question 19

Multiple Choice

Which of the following is popular among businesses with employees in the field who travel between clients and companies with foreign-based employees?

• A)Biometric time clocks
• B)Magnetic swipe ID cards
• C)Mobile remote devices
• D)Proximity cards

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Definitions:

Cost Of Goods Sold

Cost of Goods Sold (COGS) represents the direct costs attributable to the production of the goods sold by a company, including materials and labor costs.

Receivables Turnover

A financial metric that measures how efficiently a company collects cash from its customers by dividing net credit sales by average accounts receivable.

Collection Period

The average number of days it takes for a business to receive payments from its customers after a sale has been made.

Accounts Receivable

Represents the money owed to a company by its customers for goods or services that have been delivered but not yet paid for.