SECTION A (30 MARKS)CLOSED BOOK: ANSWER THIS SECTION ON THE…

 SECTION A (30 MARKS)CLOSED BOOK: ANSWER THIS SECTION ON THE QUESTION PAPERCHOOSE the CORRECT statement for each of the following questions. One mark per correct answer. Comment on the two statements below:Statement A – The Operating cycle of a business signifies the time period between receiving inputs and obtaining cash from the sale of the outputs.Statement B – The operating cycle of a service industry is smaller than the operating cycle of a manufacturing industry.