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:

Duty of Care

A legal obligation requiring individuals to exercise a reasonable level of care while performing actions that could foreseeably harm others.

Business Location

The physical place where a company is situated or operates from, including offices, retail stores, or manufacturing facilities.

Tract of Land

A large, defined area of land, which can be used for farming, development, or conservation purposes.

Profitability

The ability of a business or activity to generate income or profit exceeding its expenses and costs.