The sales/collection process is important in organizations because:
A)Without it, an organization may soon cease to exist.
B)It is the only method an organization has for generating cash flow.
C)Both without it, an organization may soon cease to exist and it is the only method an organization has for generating cash flow.
D)Neither without it, an organization may soon cease to exist nor it is the only method an organization has for generating cash flow.

Question

Quizplus · Accepted Answer

The sales/collection process is crucial for generating revenue and ensuring the financial sustainability of an organization. Without it, the organization may not be able to sustain its operations. However, it is not the only method for generating cash flow, as organizations can also obtain cash through financing and investing activities.

The Sales/collection Process Is Important in Organizations Because