What Are Operating Activities

question 30

Multiple Choice

What are operating activities?

• A)Activities involving the acquisition and disposal of long-term assets.
• B)Activities involving changes in the size and composition of the contributed equity.
• C)Activities involving the principal revenue-producing activities of the entity.
• D)Activities that do not involve cash.

---

Definitions:

Social Security

A government program that provides financial assistance to retirees, disabled workers, and their families.

Labor Economists

Labor economists study the dynamics of workers, jobs, and the markets in which they operate, to understand the factors affecting labor supply and demand.

Payroll Tax

Contributions imposed on either the workforce or the employers, determined by a percentage of the payrolls distributed by companies to their staff.

Luxury Tax

A tax applied on expensive goods and services considered by the government to be non-essential or luxury items.