For a Manufacturer or Retailer, the Gross Operating Cycle Is

question 15

Multiple Choice

For a manufacturer or retailer, the gross operating cycle is estimated by _______.

• A)the average number of days it takes to turn over receivables and collect receivables
• B)the average number of days it takes to turn over inventory and collect receivables
• C)the average number of days it takes to turn over payables and collect receivables
• D)the length of time it takes to request and receive funds for a loan

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Definitions:

Accelerated Pace

An increase in the speed at which activities or changes occur, often seen in technology, life, or work environments.

Reference Groups

Groups that individuals compare themselves to for self-evaluation or for guiding their attitudes, beliefs, and behaviors.

Standards

Established rules, benchmarks, or principles used as a basis for comparison or measurement to ensure consistency and quality in products, services, and behaviors.

Qualities We Aspire

Refers to the characteristics or attributes individuals or societies strive to develop or achieve.