CIPS Exam A6 Topic 1 Question 48 Discussion

Actual exam question for CIPS's A6 exam

Question #: 48
Topic #: 1

[All A6 Questions]

Which of the following best describes the term 'business cycle'?

AThe time that elapses between a buyer placing an order and the seller delivering the goods

BThe continuum of economic activity from extraction of raw materials to the sale of finished goods

CThe time that elapses between a user department recognizing the need for an item and purchasing placing the order

DThe need for all businesses in a free market economy to make a profit which allows the company to expand and grow.

Show Suggested Answer

Suggested Answer: A

by Lezlie at Apr 10, 2024, 08:48 PM

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Margarett

4 days ago

I'm not sure, but I think it might be A) The time that elapses between a buyer placing an order and the seller delivering the goods.

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Louvenia

6 days ago

I agree with Candida, because the business cycle involves all stages of production and sales.

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Corrie

8 days ago

Option B seems to cover the entire economic cycle, from raw materials to finished goods. That's a pretty comprehensive description of the business cycle.

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Candida

17 days ago

I think the answer is B) The continuum of economic activity from extraction of raw materials to the sale of finished goods.

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