The Proper Order of Events for the Operating Cycle Is

question 33

Multiple Choice

The proper order of events for the operating cycle is:

• A)input serving period, accounts receivable period, inventory period, quotation period.
• B)quotation period, accounts receivable period, inventory period, input servicing period.
• C)quotation period, input servicing period, inventory period, accounts receivable period.
• D)accounts receivable period, input servicing period, quotation period, inventory period.

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Definitions:

Chief Executive Officer

The highest-ranking officer in a company or organization, responsible for overall management and decision-making.

Insourcing

The practice of performing business functions or operations internally, rather than outsourcing them to external vendors.

Outsourcing

The practice of hiring third parties to perform services or produce goods that were previously handled internally by the company's own staff.

Online Catalog

A digital platform that displays products or services offered by a company, allowing customers to browse, search, and sometimes purchase items directly over the internet.