Transaction cycles can be summarized on a high level as "give-get" transactions.An example of "give-get" in the expenditure cycle would be
A) give cash, get cash.
B) give cash, get goods.
C) give cash, get labor.
D) give goods, get cash.

Question

Quizplus · Accepted Answer

In the expenditure cycle, the organization gives cash and receives goods from the supplier/vendor. Thus, option B - give cash, get goods- best summarizes the "give-get" transaction in the expenditure cycle.

Transaction Cycles Can Be Summarized on a High Level as "Give-Get