Match the Following Terms with Their Correct Definition

question 152

Multiple Choice

Match the following terms with their correct definition.
-elapsed time between the purchase of goods for resale and the collection of cash from customers

• A)cash equivalents
• B)cash over and short
• C)operating cycle
• D)petty cash

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Definitions:

Full-time Retailer

Describes a business or individual that sells goods to the public in relatively small quantities for personal use, operating as their primary occupation.

Vicarious Achievement

Experiencing a sense of accomplishment through the successes of others, typically close individuals or groups with whom one identifies.

Pharmaceutical Company

An enterprise that focuses on researching, developing, manufacturing, and distributing drugs for medical use.

Used

Being utilized for a purpose or having been employed in the past.