Knowledge Check 01 Which of the following statements regarding operating cycles are true? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) ? A company must complete its operating cycle efficiently to be successful. ? The activities in the operating cycle ultimately lead to cash. ? The operating cycle is a series of activities that a company undertakes to generate revenues. ? Merchandising and manufacturing companies have operating cycles, but service companies typically do not.

Knowledge Check o1 Which of the following statements regarding operating cycles are true? (You may select more than one answer. Single click the box. With the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) A compory must compiete its operating cycle efficiently to be successful The activisine in the oper.ting cyetertimately teod to cash The operating cycle is a series of activities that a compony underintes to generate revenues