What Is NOT a Good Way to Shorten the Cash

question 3

Multiple Choice

What is NOT a good way to shorten the cash conversion cycle?

• A) Pre-payment from customers
• B) Offer discounts for timely payment
• C) Use a debt collection agency
• D) Hire a bounty hunter

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Definitions:

Referent Power

Power derived from being well liked by others.

Legitimate Power

A form of authority where power is granted through societal structures, titles, or positions, deemed appropriate and recognized by those governed.

Employee Effectiveness

The extent to which employees successfully achieve the goals and objectives of the organization.

Power Holder

An individual or group that possesses and exercises authority or influence over others in a particular context.