In Which Transaction Cycle Would Information Relating to Employees Benefit

question 34

Multiple Choice

In which transaction cycle would information relating to employees benefit be most likely to pass between internal and external accounting information systems?

• A)the revenue cycle
• B)the expenditure cycle
• C)the human resources / payroll cycle
• D)the financing cycle

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Definitions:

Concrete Operations

A stage in child development, as per Piaget's theory, where logical thinking develops but is limited to tangible and concrete situations.

Formal Operations

The stage in Piaget's theory of cognitive development where individuals develop the ability to think abstractly, logically, and systematically.

Formal Operational

A stage of cognitive development in which individuals become capable of abstract thinking and logical reasoning.

Concrete Operational

A stage in Piaget's theory of cognitive development where children gain the ability to think logically about concrete events.