The Main Purpose of A(n)____ System Is to Automatically Come

question 3

Multiple Choice

The main purpose of a(n) ____ system is to automatically come on to supply, distribute, and control power and illumination essential for safety to human life in the event that the normal supply of power is interrupted.

• A)emergency
• B)legally required standby
• C)optional standby
• D)overcurrent

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Definitions:

Operating Cycle

The operating cycle is the time period it takes for a company to purchase inventory, sell it, and convert the sale into cash.

Cash Cycles

The amount of time it takes for a business to convert its investments in inventory and other resources into cash flows from sales.

Accounts Payable Turnover

A financial ratio that measures the rate at which a company pays off its suppliers by comparing total purchases to average accounts payable.

Inventory Sold

The total cost of goods or merchandise a business has sold to customers during a specific period, key for calculating cost of goods sold.