A Fraternity Is an Example of an Organization Because It

question 65

Multiple Choice

A fraternity is an example of an organization because it is composed of people who ________.

• A)share the same values,traditions,and customs
• B)share the same goals and values
• C)share goals and function within a common structure
• D)function under the same set of rules and regulations

---

Definitions:

Cash Cycle

The period between the outlay of cash for goods and services and the cash recovery from sales.

Credit Sales

Sales made by a business where the payment is deferred to a later date, often involving credit terms.

COGS

Stands for Cost of Goods Sold and refers to the direct costs attributable to the production of the goods sold by a company.

Payables Turnover Rate

A liquidity metric that measures how quickly a company pays off its suppliers by dividing total purchases by average accounts payable.