What Term Is Used for the Tendency for Individuals to Spend

question 102

Multiple Choice

What term is used for the tendency for individuals to spend less effort when working collectively?

• A) groupthink
• B) the rule of diminishing returns
• C) social loafing
• D) groupshift
• E) clustering

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Definitions:

Accounts Receivable Turnover

A financial ratio that measures how many times a company can turn its accounts receivable into cash during a period.

Accounts Receivable Turnover

A financial metric that measures how many times a company can turn its accounts receivable into cash within a given period.

Adjusting Entry

A journal entry made at the end of an accounting period to update account balances before preparing financial statements, ensuring they reflect the true financial position.

Financial Statements

Financial reports that summarize the effects of events on a business.