Which of the Following Is the Best Description of the Operating

question 104

Multiple Choice

Which of the following is the best description of the operating cycle?

• A)The length of time that it takes to convert raw materials into inventory.
• B)The length of time that it takes to convert raw materials into accounts receivable.
• C)The length of time to acquire raw materials and receive payment for them when sold.
• D)None of these.

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Definitions:

Illustrates

To clarify or make something understandable by providing examples, diagrams, or analogies.

Group Selectionist

An advocate for the theory that natural selection operates on groups as well as on individuals, favoring groups that function well as a unit.

Breeding Effort

The amount of resources and energy that an individual allocates to reproduction, including mating and raising offspring.

Home Range

The area in which an animal lives and moves on a periodic basis, encompassing the spaces it uses for food, mating, and shelter.