Lilly Started Her Own Business Because She Was Tired of Worrying

question 38

True/False

Lilly started her own business because she was tired of worrying about corporate downsizing despite her highly positive annual reviews.This is a common motivation for becoming an entrepreneur.

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Definitions:

Operating Activities

Transactions and other events that enter into the determination of net income, including all activities not classified as investing or financing activities in cash flow analysis.

Net Income

The total earnings of a company after all expenses and taxes have been deducted from revenue.

Investing Activity

Transactions that involve purchasing or selling long-term assets and investments, which are reported in the investing section of a company's cash flow statement.

Equipment Sale

The process or transaction that involves selling machinery or technical gear used in manufacturing or operation.