A Venture's Operating Cycle Measures the Time It Takes To

question 35

Multiple Choice

A venture's operating cycle measures the time it takes to:

• A)purchase raw materials and assemble a product
• B)assemble a product and book the sale
• C)assemble a product, book the sale, and collect on the sale
• D)purchase raw materials, assemble a product, book the sale, and collect on the sale

---

Definitions:

Data

Raw facts and figures that require processing to generate meaningful information or insights.

Median

The value that divides a set of numerical data into two equal halves, with half of the data points being above it and half below.

Mean

The average of a set of numbers, found by dividing the sum of all the values by the number of values.

Central Tendency

A numerical metric that pinpoints a sole figure to typify a whole data distribution, often utilizing the mean, median, or mode.