The ________ of a firm is the amount of time that elapses from the point when the firm inputs material and labor into the production process to the point when cash is collected from the sale of the finished product that contains these production

inputs.
A) cash conversion cycle
B) average age of inventory
C) operating cycle
D) average collection period

C

Business

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Jamie earned a raise in pay when he finished the training for the Technician 2 position. He will receive another raise when he finishes the training for the Technician 3 position. The company is probably using which type of model?

A) stair-step B) skill blocks C) job-point accrual D) cross-departmental

Business

The inherent processes defined in an ERP solution are referred to by some ERP vendors as ________

A) database transactions B) stored procedures C) transaction logs D) process blueprints

Business