Which of the Following Statements Is Generally Considered Desirable

question 62

Multiple Choice

Which of the following statements is generally considered desirable?

• A) A large decrease in accounts receivable turnover ratio
• B) A decrease in the number of days' sales in receivables
• C) An increase in sales along with a larger decrease in the gross profit ratio
• D) A decrease in the cash flow from operations to current liabilities ratio

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Definitions:

Holistic Approach

A comprehensive method that considers all aspects, factors, and connections of a system or problem rather than focusing on individual parts.

Mission Statement

A formal summary of the aims and values of a company, organization, or individual.

Turnover

The rate at which employees leave a workforce and are replaced.

Strategic HRM

A proactive approach in human resources management that aligns HR practices with the strategic objectives of an organization to achieve long-term goals.