Which of the Following Statements About a Company's Operating Cycle

question 182

Multiple Choice

Which of the following statements about a company's operating cycle is not true:

• A) Most operating cycles are less than one year.
• B) For a merchandiser selling products, the operating cycle is the time span between paying suppliers for merchandise and receiving cash from customers.
• C) The operating cycle is the time span from when cash is used to acquire goods and services until cash is received from the sale of goods and services.
• D) The length of a company's operating cycle depends on its activities.
• E) Non-current items are those expected to come due within one year or the company's operating cycle.

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Definitions:

Microstructures

are the patterns of relatively intimate social relations formed during face-to-face interaction. Families, friendship circles, and work associations are examples of microstructures.

Cultural Hegemony

involves the control of a culture by dominant classes and other groups to the point where their values are universally accepted as common sense.

Functionalists

Functionalists focus on how society's parts are structured to maintain its stability, with each part contributing to society's overall function and health.

Class Differences

Variations in social standing, wealth, education, and power among different social groups, often leading to inequality.