Question

The transaction cycle that includes the events of hiring employees and paying them is known as the

A) revenue cycle.
B) expenditure cycle.
C) human resources cycle.
D) financing cycle.

Answer 1

The transaction cycle associated with hiring and paying employees is the human resources cycle.

Step-by-step explanation:

The transaction cycle that includes the events of hiring employees and paying them is known as the C) human resources cycle. This cycle encompasses all activities related to the management of employment and personnel compensation within an organization. It is a critical part of a company's internal operations and is distinct from other transaction cycles like the revenue cycle, which pertains to sales and income, the expenditure cycle, focusing on purchasing and outlay of funds, or the financing cycle, which is related to raising capital and managing the company's finances.