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:

Installs

The process of setting up software or hardware for it to be ready for use in a computer system.

Principal and Agent

A relationship where the principal grants authority to the agent to act on the principal’s behalf in dealing with third parties.

Insurance

A financial product offering protection against possible future losses or damages in exchange for premium payments.

Trusts

Legal arrangements where one person, the trustee, holds property for the benefit of another, the beneficiary, according to the terms of the trust document.