Define Two General Categories of Innovations

question 23

Short Answer

Define two general categories of innovations.

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Definitions:

Cash Flows

The total amount of money being transferred in and out of a business, especially affecting liquidity.

Operating Activities

Activities that relate directly to the primary operations of a company, such as manufacturing, distributing, marketing, and selling a product or service.

Direct

Pertains to costs or actions that can be directly attributed to a specific project, department, or product without any need for allocation.

Indirect Methods

Approaches used in accounting and finance to estimate or calculate values based on indirect indicators or conversions, rather than direct measurement.