In Regard to the Accounts Receivable Turnover Rate

question 152

Multiple Choice

In regard to the accounts receivable turnover rate:

• A)The higher the better.
• B)The lower the better.
• C)In some industries it is better higher and in some industries it is better to be lower.
• D)The auto industry prefers a lower rate.

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Definitions:

Sherman Antitrust Act

A landmark federal statute in the United States that prohibits monopolistic business practices.

Industrial Revolution

A period of major industrialization that took place during the late 1700s and early 1800s, transforming economies through the development of factories, railroads, and machinery, and shifting societies from agricultural to industrial.

Indian Reservations

Designated areas of land managed by Native American tribes under the U.S. Bureau of Indian Affairs, intended to maintain and preserve their cultures and ways of life.