Examlex
Which of the following is the first step of the systems model of training and development?
Receivables
Money owed to a company by its customers from sales or services rendered, recorded as an asset on the balance sheet.
Inventory
The total amount of goods and materials held by a company, intended for sale or production.
Payables
Short for accounts payable; money owed by a company to its suppliers or creditors for products and services received but not yet paid for.
Fixed Asset Turnover Rate
A financial ratio that measures how effectively a company is using its fixed assets to generate sales.
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