1. The ________ is the period from the start of cash outflow for producing a product or service until the associated cash inflow materializes from the sale of that product or service.

A) cash conversion cycle

B) accounts receivable cycle

C) business operating cycle

D) current ratio

2. The ________ starts at the time production begins and ends with the collection of cash from the sale of the product.

A) production cycle

B) accounts receivable cycle

C) cash conversion cycle

D) business operating cycle