Which of the Following Is an Example of an Explicit

question 26

Multiple Choice

Which of the following is an example of an explicit income transfer?

• A)The check received by a person currently employed by the postal service.
• B)A Social Security pension paid to a retired factory worker.
• C)A payment to a member of the U.S.Army who has recently been transferred to Germany.
• D)The paycheck received by a person who missed work last week because of vacation.

---

Definitions:

Net Cash

The difference between a company's total cash inflows and outflows.

Operating Activities

Day-to-day actions that relate to producing goods, providing services, and selling merchandise to customers, which are reflected in a company's cash flows.

Net Cash

Represents the amount of cash remaining after all cash outflows are subtracted from total cash inflows over a specific period of time.

Operating Activities

Business actions directly related to the production and delivery of goods and services, generating most of a company's revenue and expenses.