Answer:
Statement B is correct
Explanation:
Provided Information that,
Company A has shorter Average Collection Period than Company B,
Average Collection Period refers to the period in which the cash is collected from debtors.
Thus in the given statements only statement B states that Company A is more efficient in collecting receivables from debtors, thus it is the correct statement.
Statement A is wrong as Company A has less Average Collection Period, thus it's credit sales percentage would be higher than Company B.
Statement C which states about generating revenue is not correct as the company might have cash sales.
Statement B is correct
<u>Explanation:</u>
a. <em>Remember</em>, the PPF (Production Possibility Frontier) framework allows for the selection of a preferred choice as regards budget spending. Hence, in such a situation, it calls for a choice to be made.
b. According to the PPF framework, where there is an increase in the population, it is expected that such change would result in an increase in the labor force capacity; and ultimately leading to an upward shift in the PPF curve. Thereby, increasing the overall production of the economy.
c. Within the PPF framework, a technological change that makes resources less specialized will result also result in an upward shift in the PPF curve.
Meritocracy is a system based on
a dominant ideology involving the widely shared belief that all people have an
equal chance of succeeding economically or a political philosophy stating that
power should be vested in individuals based on their hard work and skills.
