Which of the Following Is an Example of an "Operating

Which of the following is an example of an "operating" cash cycle?

A) Receipt of funding from investors that is used to generate returns from investments and operations, and then returned to investors.
B) Purchase of property with long-term future benefits which results in cash inflows and then the property is disposed of.
C) Planning for product growth which results in investment opportunities that will create returns for investors.
D) Purchase of inventory, conversion into products that are delivered to customers, and receipts from customers.