The Length of Time Between the Acquisition of Inventory by a Firm

question 19

Multiple Choice

The length of time between the acquisition of inventory by a firm and the payment by the firm for that inventory is called the:

• A)operating cycle.
• B)inventory period.
• C)accounts receivable period.
• D)accounts payable period.
• E)cash cycle.

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Definitions:

Epithalamus

A part of the diencephalon in the brain that includes the pineal gland and is involved in the regulation of sleep-wake cycles.

Diencephalon

A division of the brain located between the cerebral hemispheres and brainstem, comprising structures such as the thalamus and hypothalamus, essential for sensory and autonomic functions.

Midbrain

A part of the brainstem that plays an important role in vision, hearing, motor control, sleep/wake, arousal, and temperature regulation.

Medulla

The inner region of an organ or tissue, notably in the adrenal glands and kidneys, involved in various regulatory processes.