Which of the Following Is NOT a Transaction Cycle

question 44

Multiple Choice

Which of the following is NOT a transaction cycle?

• A) Cash receipts.
• B) Inventory.
• C) Cash disbursements.
• D) All are transaction cycles.

---

Definitions:

Unemployment Taxes

Taxes employers pay to fund unemployment benefits, typically calculated based on the amount of wages paid to employees.

Lien

A legal right or claim against a property as security for the payment of a debt or obligation.

National Labor Relations Act

A foundational statute in United States labor law that protects the rights of employees to organize and to bargain collectively with their employers.

Private-Sector Employees

Individuals who work for businesses or organizations that are not part of the government.