The time required for a business to acquire resources,convert them into a product,sell the product,and receive cash from the sale is referred as the _____ cycle of a business.

Question

Quizplus · Accepted Answer

The operating cycle of a business involves the time it takes for a business to acquire resources, convert them into a product, sell the product, and receive cash from the sale. It encompasses all the operational and financial activities of a business, from procurement of raw materials to the collection of accounts receivable. The other choices (A) seasonal, (C) credit, and (D) chargeback, do not accurately describe the cycle of a business.

The Time Required for a Business to Acquire Resources,convert Them