Use the Following Information to Answer the Next Ten Questions

question 75

Multiple Choice

Use the following information to answer the next ten questions:
Excerpts from TPX Company's December 31,2015 and 2014,financial statements are presented below:

-TPX Company's 2015 average collection period is:

• A)69 days.
• B)65 days.
• C)73 days.
• D)1,825 days.

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Definitions:

Pessimistic Attitude

A tendency to focus on the negatives of a situation or to expect the worst possible outcome.

Biological Perspective

An approach in psychology focusing on understanding human and animal behavior through biological processes, including genetics, the brain, and the nervous system.

Face Validity

The extent to which a test item appears to fit the particular trait it is measuring.

Test Item

A question, task, or other assessment tool used to measure knowledge, ability, aptitude, or performance in a particular area.