Kelsey Has Begun to Repeatedly Drop His Spoon to Get

question 30

Multiple Choice

Kelsey has begun to repeatedly drop his spoon to get his mother to pick it up for him. This type of action is a ________ circular reaction.

• A) primary
• B) collective
• C) secondary
• D) tertiary
• E) unique

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Definitions:

Operating Cycle

The duration of time from the purchase of inventory to the collection of receivables from the sale of that inventory, critical for managing cash flow.

Accounts Payable Period

The average number of days it takes a company to pay off its suppliers and creditors.

Operating Cycle

The time period between the acquisition of inventory by a company and the receipt of cash from the sale of that inventory.