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The scalar chain principle states that there should be a clear and unbroken line of communication from the top to the bottom of the organization.
Average Collection Period
A financial metric indicating the average number of days it takes for a firm to receive payments owed by its customers.
Net Sales
The total revenue from goods and services sold by a business, minus returns, allowances for damaged or missing goods, and discounts.
Average Receivables
Represents the average amount of money owed to a company from its customers over a specific period, indicating its efficiency in collecting funds.
Accounts Payable
The amount of money that a company owes its suppliers for goods and services purchased on credit and has not yet paid.
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