The Operating Cycle

question 33

Multiple Choice

The operating cycle

• A) measures the time elapsed between cash disbursement for inventory and cash collection of the sales price.
• B) refers to the seasonal variations experienced by business enterprises.
• C) should be used to classify assets and liabilities as current if it is less than one year.
• D) cannot exceed one year.

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Definitions:

Hemophilia

Genetic disorder that is caused by a deficiency of a clotting factor in the blood.

Klinefelter Syndrome

A genetic condition in males resulting from an extra X chromosome (XXY), characterized by reduced fertility, testicular atrophy, and sometimes lower levels of testosterone.

XXY

A chromosomal condition where an individual has an extra Y chromosome, typically resulting in Klinefelter syndrome, characterized by physical and sometimes cognitive features.

Sex Chromosomes

Chromosomes that determine the sex of an organism, typically referred to as X and Y in many species.