The Operating Cycle of a Business Is Best Defined as Which

question 102

Multiple Choice

The operating cycle of a business is best defined as which of the following?

• A)the period of time for which we prepare our financial statements
• B)the length of time over which our plant and equipment assets are expected to be used by the company in generating revenues
• C)the time it takes for a company to purchase and pay for goods or services from suppliers,sell those goods or services to customers and collect cash from the customers
• D)one year

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Definitions:

Fertilization Envelope

A protective layer that forms around the egg cell of some species immediately after fertilization, blocking additional sperm from entering the egg.

Plasma Membranes

The semipermeable membrane surrounding the cytoplasm of a cell, controlling the passage of substances in and out.

Blastula

An early stage of embryonic development in animals, characterized by a hollow sphere of cells surrounding a fluid-filled cavity.

Zona Pellucida

A thick, transparent membrane surrounding the plasma membrane of mammalian oocytes and early embryos.