Which Department Is Least Likely to Be Involved in the Revenue

question 39

Multiple Choice

Which department is least likely to be involved in the revenue cycle?

• A)credit
• B)accounts payable
• C)billing
• D)shipping

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Definitions:

Annual Payment

A payment made once a year for a particular commitment or service.

Accumulated Capital

The total value of all capital assets owned by an entity after depreciation and amortization.

Periodic Payment

A repeated payment made at regular intervals, such as monthly or annually.

Ordinary Annuity

An annuity in which payments are made at the end of each period, such as yearly, monthly, or quarterly.