What Is an "Operating" Cycle

question 74

Multiple Choice

What is an "operating" cycle?

• A)A cycle of transactions that converts cash inflows to cash outflows, or vice versa.
• B)A cycle where there is receipt of funding from investors, those funds are used to generate returns from investments and operations, and then the funds are returned to investors.
• C)A cycle where a property is purchased that has long-term future benefits for the enterprise, which ultimately results in cash inflows, and then the property is disposed of.
• D)A cycle that involves the purchase of items such as inventory; production, sales, delivery of goods or provision of services; and receipts from customers.

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Definitions:

Polygamy

The practice of having more than one spouse at the same time, permitted in some cultures and religions but illegal in many countries.

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A term referring to the diverse cultures, languages, and political entities found in the region of West Africa, characterized by a rich history of kingdoms and empires.

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