What Does the Following Expression Mean? X <= Y

question 16

Multiple Choice

What does the following expression mean? x <= y

• A) x is less than y
• B) x is less than or equal to y
• C) x is greater than y
• D) x is greater than or equal to y

---

Definitions:

All-Cash Policy

A business strategy in which transactions are conducted exclusively with cash, avoiding the use of credit.

Credit Period

The time frame allowed by a seller to a buyer to pay for goods or services received, usually expressed in days.

Operating Cycle

The duration of time it takes for a company to buy inventory, sell it, and convert the sale back into cash. It reflects the efficiency of a company's inventory management and sales processes.

Inventory Cycle

The inventory cycle involves the process from purchasing goods for inventory to selling them to customers, and is key in determining the efficiency of a company's inventory management.