One of the Basic Activities in the Expenditure Cycle Is

question 36

Multiple Choice

One of the basic activities in the expenditure cycle is the receiving and storage of goods,supplies,and services.What is the counterpart of this activity in the revenue cycle?

• A)sales order entry process
• B)shipping function
• C)cash collection activity
• D)cash payments activity

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Definitions:

Collectivism-societal

A cultural value that emphasizes the importance of cohesion within social groups, prioritizing the goals of the group over individual ambitions.

Collective Distribution

The sharing or spreading of resources or benefits among members of a group.

GLOBE Model

A theory in organizational behavior that describes, understands, and predicts the impact of cultural variables on leadership and organizational processes.

Active Management

A strategy in business and investments where decisions are made with the intention to outperform certain benchmarks or targets.