In Which Transaction Cycle Would Customer Sales Transaction Information Be

question 21

Multiple Choice

In which transaction cycle would customer sales transaction information 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:

Life Cycles

The series of changes in the life of an organism, including reproduction, growth, and in some cases, aging and death. It can also apply to products, organizations, and systems as they go through stages from inception to demise.

Flexible And Efficient

The ability of an entity, such as an organization or individual, to adapt to changes while maintaining high productivity and effectiveness.

Mechanistic Structure

A form of organizational structure that is rigid and tightly controlled, emphasizing a hierarchical, top-down management approach and fixed duties.

Organic Structure

An organizational design that is flexible and decentralized, with low levels of formalization, encouraging collaboration and adaptability to change.