The Average Length of Time Between the Purchase of Raw

question 37

Multiple Choice

The average length of time between the purchase of raw materials and labor and the payment of cash for them is called:

• A) Accounts payable period
• B) Capital investment cycle
• C) Payable deferral period
• D) Purchase goods duration

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Definitions:

Microprocessor

A small, integrated circuit that performs the functions of a central processing unit of a computer.

CPUs

The central processing units of a computer, which are the primary components responsible for executing instructions and processing data.

Microchip

A small semiconductor device containing integrated circuits, used in virtually all electronic equipment.

Direct Access Storage Device (DASD)

A type of storage device that allows data to be read and written directly in a random access manner, without having to sequentially access other data first.