Which of the Following Statements Is NOT True

question 32

Multiple Choice

Which of the following statements is NOT true?

• A) The cash conversion cycle begins when a firm invests cash to purchase the raw materials that would be used to produce the goods that the firm manufactures.
• B) The cash conversion cycle begins when the firm uses its cash to purchase raw materials and ends when the firm collects cash payments on its credit sales.
• C) To measure the cash conversion cycle, we need another measure called the days' payables outstanding.
• D) The cash conversion cycle ends not with the finished goods being sold to customers and the cash collected on the sales; but when you take into account the time taken by a firm to pay for its purchases.

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Definitions:

Egocentric Thinking

A way of thinking in which a person views everything in relation to themselves, without considering the perspectives or feelings of others.

Conservation

The understanding that certain properties of an object or substance do not change when its appearance is altered in some superficial way, essential in cognitive development according to Piaget.

Accommodation

In psychology, it refers to the process by which individuals adjust their schemas or understandings in response to new information.

Sequential Stages

Sequential stages refer to a series of steps or phases that occur in a specific, ordered progression.