The Following Statements Are True Regarding the Operating Cycle of a Merchandising

question 238

Multiple Choice

The following statements are true regarding the operating cycle of a merchandising company except:

• A) The operating cycle is shortened by credit sales.
• B) The operating cycle ends with the collection of cash from the sale of merchandise.
• C) The operating cycle begins with the purchase of merchandise.
• D) The operating cycle can vary in length among different merchandising companies.
• E) The operating cycle sometimes involves accounts receivable.

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Definitions:

Performance Appraisal

The evaluation of an employee's job performance and contribution to the company, often used for feedback and development purposes.

Work Accomplishments

Achievements or completed tasks that contribute towards personal, team, or organizational goals.

Formally

In accordance with established procedures or protocol, often in an official capacity.

Job Rotation

A practice where employees are moved between different jobs or tasks at a company to gain a variety of skills and reduce monotony.