Groups of related business activities such as the acquisition of merchandise and payment of vendors are called 1. transaction cycles. 2. economic cycles. 3. business events. 4- transactions. The basic "give and take" functions of a business have been grouped into transaction cycles. The cycle that includes the events of hiring employees and paying them is known as the 1. revenue cycle. 2. expenditure eycle. 3. human resources cycle. 4. financing cycle. What is the major difference between the revenue and the expenditure cycle? 1. The revenue eycle includes marketing activities; the expenditure cycle does not. 2. In the revenue cycle, cash is received; in the expenditure cycle cash is paid out. 3. The expenditure cycle includes paying employees. 4- The revenue cycle includes the activity of obtaining funds from investors. The business owners obtain financing from outside investors, which results in an inflow of cash into the company. This transaction is considered to be part of which cycle? 1. the revenue eycle 2. the payroll cycle 3- the production cycle 4. the financing cycle A projection of an organization's eash inflows and outflows is known as a(n) 1. performance budget. 2. operating budget. 3. management budget. 4- cash budget