Relative to Minimizing Inventory Investment,minimizing Bank Balances,and Slowing Payment on Payables,surveyed

question 12

Multiple Choice

Relative to minimizing inventory investment,minimizing bank balances,and slowing payment on payables,surveyed financial executives believed speeding collection of receivables to be ______________________ as a recommended short-term financial management strategy.

• A)more important
• B)equally important
• C)less important
• D)of almost no importance

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Definitions:

Team Effectiveness

The degree to which a team achieves its goals, operates efficiently, and satisfies its members.

Process Control

A method of monitoring and adjusting processes and systems to maintain desired outputs or performance levels.

Cross-Functional Team

A group composed of members from different departments or areas of expertise working together towards a common goal.

Hierarchical Organization

An organizational structure where entities are ranked according to levels of authority or status.