The Following Statements Are True Regarding the Operating Cycle of a Merchandising

question 15

Multiple Choice

The following statements are true regarding the operating cycle of a merchandising company except:

• A)The operating cycle begins with the purchase of merchandise.
• B)The operating cycle is shortened by credit sales.
• C)The operating cycle ends with the collection of cash from the sale of merchandise.
• D)The operating cycle can vary in length among different merchandising companies.
• E)The operating cycle sometimes involves accounts receivable.

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Definitions:

Mesoderm

The intermediate layer in an embryo during its initial stages of development, responsible for forming the muscular, skeletal, and circulatory systems.

Somites

Blocks of mesoderm that are located on either side of the spine in the developing embryo, which will differentiate into the vertebrae, ribs, muscles, and dermis.

Mesonephros

One of three excretory organs appearing during embryonic development; forms caudal to the pronephros as the pronephros disappears. It is well developed and is functional for a time before the establishment of the metanephros, which gives rise to the kidney. It undergoes regression as an excretory organ, but its duct system is retained in the male as the efferent ductule and epididymis.

Mandibular Processes

Portions of the mandible or lower jawbone involved in the formation of the chin and sides of the lower jaw.