Which of the Following Statements About a Company's Operating Cycle

question 47

Multiple Choice

Which of the following statements about a company's operating cycle is not true:

• A)Non-current items are those expected to come due within one year or the company's operating cycle.
• B)The operating cycle is the time span from when cash is used to acquire goods and services until cash is received from the sale of goods and services.
• C)The length of a company's operating depends on its activities.
• D)For a merchandiser selling products, the operating cycle is the time span between paying suppliers for merchandise and receiving cash from customers.
• E)Most operating cycles are less than one year.

Apply economic principles to group dynamics and productivity.

Calculate and interpret average, marginal, and total costs.

Assess cost-benefit scenarios in business operations.

Apply principles of economics to personal financial decisions.

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Definitions:

Leadership Decisions

Actions or judgments made by someone in a leadership position that influence the direction and effectiveness of an organization or team.

Overt or Covert

Refers to actions or behaviors that are either open and visible (overt) or hidden and secretive (covert).

Task or Relational

Describes two focal aspects of leadership or management approaches: task-oriented, emphasizing the completion of duties, and relational, emphasizing the connection and support of team members.

Team Effectiveness

The capacity of a group of individuals to work together efficiently towards achieving their common goals.