Which of the Following Duties Can Probably Be Delegated

question 36

Multiple Choice

Which of the following duties can probably be delegated?

• A)an agreement to perform an operation
• B)a contract to paint a picture
• C)an agreement by an attorney to draft a contract
• D)an agreement to paint a house

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Definitions:

Cash Cycle

The period between the outlay of cash for the purchase of raw materials and the collection of cash from the sale of products, indicating the efficiency of a company's cash management.

Operating Cycle

The duration between the acquisition of inventory by a company and the collection of payment for the sales of that inventory.

Bank Financing

The process of obtaining capital through the borrowing of funds from a bank.

Collection Period

A metric that measures the length of time it takes for a business to convert its accounts receivable into cash.