The Length of Time Between the Acquisition of Inventory by a Firm

question 76

Multiple Choice

The length of time between the acquisition of inventory by a firm and the payment by the firm for that inventory is called the:

• A)operating cycle.
• B)inventory period.
• C)accounts payable period.
• D)accounts receivable period.
• E)cash cycle.

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Definitions:

Greater Balance

The concept of achieving a more equitable or harmonious distribution in various aspects of life or systems.

Act Utilitarianism

A form of utilitarianism that assesses each separate act according to whether it maximizes pleasure or minimizes pain, focusing on the consequences of individual actions.

Utilitarian Ethic

A moral philosophy that evaluates the ethical worth of an action based on its consequences, specifically aiming to maximize overall happiness and minimize suffering.

General Welfare

A concept referring to the health, happiness, and fortunes of a person or group.