Which of the Following Lists Outlines the Best Order for a Typical

question 74

Multiple Choice

Which of the following lists outlines the best order for a typical sequence of activities in the revenue and collection cycle?

• A)Delivering goods,billing customers,credit granting,collection activity.
• B)Customer ordering,delivering goods,billing customer,cash receipts.
• C)Customer ordering,delivering goods,credit granting,collection activity.
• D)Credit granting,billing customers,delivering goods,cash receipts.

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Definitions:

Human Capital

The skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization.

Big Picture

An overall perspective or an understanding of the broader aspects of a situation, excluding the minor details.

Competitive

The state of trying to outperform rivals in a market by offering better products, prices, or services.

Human Resource Management

The strategic approach to the effective management of people in a company or organization such that they help their business gain a competitive advantage.