Which of the Following Statements Is True

question 71

Multiple Choice

Which of the following statements is true?

• A) As a general rule, management would want to reduce the firm's average collection period.
• B) As a general rule, management would want to reduce the firm's accounts receivable turnover ratio.
• C) As a general rule, management would want to increase the firm's average collection period.
• D) As a general rule, a firm is not financially affected by the amount of time required to collect its accounts receivable.

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Definitions:

Dyslexia

A category of learning disabilities involving a severe impairment in the ability to read and spell.

Dyslexia

A learning disorder characterized by difficulty reading due to problems identifying speech sounds and learning how they relate to letters and words.

Severe Impairment

A condition that significantly limits one or more of an individual's major life activities.

Learning Disability

A disorder in one or more of the basic psychological processes involved in understanding or in using language, spoken or written, which may manifest itself in an imperfect ability to listen, think, speak, read, write, spell, or do mathematical calculations.