Final answer:
The receipt of a customer order from a customer is the starting point for the entire sales and collection cycle.
Step-by-step explanation:
The answer to the question is True. The receipt of a customer order is indeed the starting point for the entire sales and collection cycle in a business. This is because the receipt of the order signifies that a customer is interested in purchasing a product or service, and it initiates the process of fulfilling the order and collecting payment.