A Small Business Owner Could Accelerate Accounts Receivable By

question 54

Multiple Choice

A small business owner could accelerate accounts receivable by:

• A)having customers mail printed orders to you.
• B)sending or faxing invoices the day of shipment.
• C)slowing their own accounts payable.
• D)depositing customer checks and credit card receipts weekly.

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Definitions:

Representative Sample

A segment of the population that precisely mirrors the characteristics of the whole population.

Population

The entire group of individuals or instances about whom the research is focused.

Sampling Error

The difference between a statistic derived from a sample and the corresponding statistic of the entire population, due to chance variation in selecting the sample.

Population

The entire group of individuals or items that a researcher or statistician is interested in studying.