The Length of Time Between the Acquisition of Inventory and Its

question 94

Multiple Choice

The length of time between the acquisition of inventory and its sale is called the:

• A)operating cycle.
• B)inventory period.
• C)trade receivables period.
• D)trade payables period.
• E)cash cycle.

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Definitions:

Mediation

A process of conflict resolution where a neutral third party assists disputing parties in reaching an agreement.

Retaining Face

The act of maintaining respect, dignity, or honor in social situations, often by avoiding embarrassment or humiliation.

Mediation

The process or intervention in a dispute or negotiation by an impartial third party to help those involved reach a settlement or understanding.

Retaining Face

The act of maintaining one's dignity, honor, and respect in the social context, often by avoiding embarrassment or admitting fault.