Buying Assets Needed to Operate a Business Is an Example

question 9

Multiple Choice

Buying assets needed to operate a business is an example of a(n)

• A)delivering activity.
• B)financing activity.
• C)investing activity.
• D)operating activity.

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Definitions:

Administrative Department

A division within a company or organization that focuses on tasks related to the management and running of the organization, such as human resources, finance, and operations.

Occupied Space

Occupied space refers to the area within a property or facility that is currently being used or rented out, as opposed to areas that are vacant or unused.

Administrative Costs

Expenses related to the general operation of a business, including salaries of non-sales personnel, rent, utilities, and office supplies.

Maintenance Fees

Charges incurred for the upkeep or repair of property, equipment, or software to ensure operational efficiency and longevity.