The Average Number of Days Between Paying for Raw Materials

question 16

Multiple Choice

The average number of days between paying for raw materials and getting paid for the product is referred to as?

• A) Supply chain goods-to-cash cycle time
• B) Supply chain cash-to-goods cycle time
• C) Supply chain goods-to-goods cycle time
• D) Supply chain cash-to-cash cycle time

---

Definitions:

Capital

Wealth in the form of money or other assets owned by a person or organization or available for a purpose such as starting a company or investing.

Business Ownership

Refers to the legal possession and control over a business entity by an individual or group.

Corporations

Legal entities that are separate from their owners, with the ability to own property, enter into contracts, and be sued.

Joint Venture

A business arrangement where two or more parties agree to combine their resources for accomplishing a specific task, sharing profits, losses, and control.