Question

The activities involved in soliciting and processing customer orders within the revenue cycle are known as the ________.

A) sales order entry process
B) shipping order process
C) revenue process
D) marketing process

Answer 1

The activities involved in soliciting and processing customer orders within the revenue cycle are known as the sales order entry process.

Step-by-step explanation:

The activities involved in soliciting and processing customer orders within the revenue cycle are known as the sales order entry process.

This involves taking customer orders, checking for inventory availability, pricing, and credit approval, and then executing the order.

It is a critical component of the overall revenue process which ensures that customer orders are processed efficiently, leading to revenue generation for the company.