Question: Which transaction cycle includes interactions between an organization and its suppliers? a. revenue cycle [Incorrect. The revenue cycle involves interactions between an organization and its

Which transaction cycle includes interactions between an organization and its suppliers?

a. revenue cycle [Incorrect. The revenue cycle involves interactions between an organization and its customers.]

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b. expenditure [Correct.]

c. human resources/payroll cycle [Incorrect. The human resources/payroll cycle involves interactions between an organization and its employees, government, and potential hires.]

d. general ledger and reporting system [Incorrect. The general ledger and reporting system receives summary information from all cycles.]

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