Question

The ______________________ cycle or _____________________ cycle is the normal operating cycle of a firm that consists of buying or manufacturing inventory, selling inventory and paying accounts payable and collecting accounts receivable.

Answer 1

The business cycle is the normal operating cycle of a firm that involves buying or manufacturing inventory, selling inventory, and managing accounts payable and accounts receivable.

Step-by-step explanation:

The business cycle or economic cycle is the normal operating cycle of a firm that consists of buying or manufacturing inventory, selling inventory and paying accounts payable and collecting accounts receivable. This cycle is important for understanding the fluctuations in economic activity and predicting future economic performance.

This concept is crucial in understanding how businesses manage their short-term capital and liquidity.