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

question 19

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 receivable period.
• D)accounts payable period.
• E)cash cycle.

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Definitions:

Operant Conditioning

A type of learning in which an animal is rewarded or punished for performing a behavior it discovers by chance.

Lunar

Related to the moon or its characteristics.

Nocturnal

Describes organisms that are active during the night and rest during the day.

Crepuscular

Describing organisms that are most active during the twilight periods at dawn and dusk.