Which of the following statements is not correct concerning the elements of the cash conversion cycle time?
A. The higher the number of days in the cash conversion cycle, the more efficiently the company is managing its cash.
B. Lean manufacturers may reduce the total cash conversion cycle time.
C. The cash conversion cycle measures the average time it takes to convert cash outflows into cash inflows from customers.
D. Effectively managing working capital is important for businesses to survive and profit.
E. The cash conversion cycle is based on accounts receivable, accounts payable, and inventory.
Answer: A
You might also like to view...
The net realizable value for joint products is computed as selling price at split-off minus allocated joint processing costs
Indicate whether the statement is true or false
Which one of the following is NOT true of peers as a source of performance information?
A. Peers may know the job requirements better than a supervisor in some cases. B. Peers can evaluate the ability of others to interact within the group or team better than supervisors in many cases. C. Research regarding validity of peer evaluations is overwhelmingly clear on their lack of bias. D. Peer ratings are particularly useful when supervisors do not have the opportunity to observe employees. E. All of the above are true.
Universal life has an explicit term insurance component and an explicit savings component
Indicate whether the statement is true or false.
Use Figure Scenario 11.2 to answer this question. How many additional units of P are needed to produce ten end items?
A) 46 B) 38 C) 10 D) 13