Which of the Following Statements Accurately Describes Gross and Net

question 32

Multiple Choice

Which of the following statements accurately describes gross and net primary production?

• A)Gross primary production involves plants,while net primary production involves animals.
• B)Gross primary production is always greater than net primary production.
• C)Net primary production is always greater than gross primary production.
• D)Gross primary production takes into consideration autotrophic respiration,while net primary production does not.

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Definitions:

Operating Activity

Activities that relate directly to the business’s primary operations, such as selling goods and providing services, not including investing or financing activities.

Direct Method

A way of preparing the cash flow statement where actual cash flows from operating activities are listed, opposed to adjusting net income for indirect factors.

Net Cash Flows

The total amount of cash and cash-equivalents being transferred into and out of a business.