Which of the Following Best Describes the Operating Cycle

question 111

Multiple Choice

Which of the following best describes the operating cycle?

• A)It is the length of the manufacturing process.
• B)It is the time that elapses from the purchase of inventory on account to the sale of inventory on account.
• C)It is the time that elapses from the completion of the manufacturing process to the cash collection from sale of the manufactured goods.
• D)It is the time that elapses from the cash payment to suppliers to collection of cash from customers.

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Definitions:

Bad News

Information that is unpleasant, disappointing, or negative and may have a detrimental impact on the receiver.

Techniques

Specific methods or strategies employed to accomplish a task or achieve a goal effectively.

Buffer

A temporary holding area for data or a means of mitigating the impact of a change or delay.

Common Ground

Shared interests, beliefs, or understanding that allows different parties to communicate or agree with each other.