The Basic "Give and Take" Functions of a Business Have

question 30

Multiple Choice

The basic "give and take" functions of a business have been grouped into transaction cycles.The cycle that includes the events of hiring employees and paying them is known as the

• A)revenue cycle.
• B)expenditure cycle.
• C)human resources cycle.
• D)financing cycle.

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Definitions:

Member States

Entities that have agreed to form a federation or union, each maintaining control over its internal affairs while ceding certain powers to a central authority for mutual benefit.

Continental Congress

A series of legislative gatherings in the late 18th century where leaders from the Thirteen Colonies discussed and made decisions crucial to the fight for independence from Britain.

Articles of Confederation

The Articles of Confederation was the first constitution of the United States, ratified in 1781, creating a loose confederation of sovereign states and a weak central government.

Political Power

The capacity or authority to influence or control the behavior of others, especially in relation to the government or governance.