Which Entity Is Likely to Be Part of Both the Revenue

question 23

Multiple Choice

Which entity is likely to be part of both the revenue cycle and the expenditure cycle?

• A) Receive Goods
• B) Customer
• C) Receive Cash
• D) Inventory

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Definitions:

E-commerce

Electronic commerce involves buying and selling goods and services using the internet, and it includes the transfer of money and data to execute these transactions.

Customer Relationship Management

A strategy and technology for managing an organization's relationships and interactions with current and potential customers to improve profitability.

Service Application Model

A framework that outlines how services are delivered to customers, including the processes, resources, and technologies used.

Information Technology

Refers to the use and integration of computers, software, networking, and the internet to store, retrieve, transmit, and manipulate data or information.