Which One of the Following Statements Is True If a Company's

question 64

Multiple Choice

Which one of the following statements is true if a company's collection period for accounts receivable is unacceptably long?

• A)The company may need to borrow to acquire operating cash.
• B)The company may offer trade discounts to lengthen the collection period.
• C)Cash flows from operations may be higher than expected for the company's sales.
• D)The company should expand operations with its excess cash.

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Definitions:

Cross-Functional Teams

Groups of people with different functional expertise working toward a common goal; can include people from finance, marketing, operations, and human resources departments.

Self-Managed Teams

Self-managed teams are groups of employees tasked with completing a project or operational activities who plan, coordinate, and manage their work independently without traditional managerial supervision.

Functional Team

A group of individuals with specific roles and skills, assembled to perform specific tasks or achieve certain goals within an organization.

Similar Tasks

Tasks that are alike or closely resemble each other in terms of the skills required, processes involved, or the goals to be achieved.