The Three Activities That Explain the Cash Inflows and Outflows

question 82

True/False

The three activities that explain the cash inflows and outflows of a business are the selling, investment and financing activities.

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Definitions:

Conducting Lives

Refers to the manner in which individuals lead their daily existence, including their choices, actions, and priorities.

Virtues

are moral excellences or desirable traits that encompass qualities such as honesty, courage, compassion, and integrity, considered beneficial for individual character and societal harmony.

Ethical Knowledge

Understanding of moral principles and how they apply to one’s conduct.

Aristotle

An ancient Greek philosopher and scientist, whose works cover a wide range of subjects, including politics, metaphysics, ethics, and logic.