An Increase in the Accounts Receivable Turnover May Be Due

question 43

True/False

An increase in the accounts receivable turnover may be due to an improvement in the collection of receivables or to a change in the granting of credit and/or in collection practices.

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Definitions:

Top Manager

A senior executive responsible for overseeing the overall strategy and policy implementation of an organization.

Entrepreneur

An individual who organizes and operates a business venture, taking on greater than normal financial risks in order to do so.

Existing Company

A business entity that has already been established and is operating in the market.

Technological Advance

The development and application of innovative techniques, equipment, and processes in various fields, leading to improved efficiency and productivity.