If You Want to Convince a Friend to Abandon an Attitude

question 45

Multiple Choice

If you want to convince a friend to abandon an attitude and start thinking more like you, what would be the best approach?

• A) Provide information that will use fear to manipulate your friend into changing his attitude.
• B) Use a subtle form of criticism so that you friend feels bad about himself for holding his current attitude.
• C) Be cautious in your approach and do not promote an idea that is too different than your friend's current attitude.
• D) Present a strong argument that is diametrically opposed to what your friend currently believes.

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Definitions:

Investing Activities

Transactions involving the purchase and sale of long-term assets and other investments, part of a company's cash flow statement.

Loss

Refers to the decrease in economic benefits during an accounting period, which typically includes expenses exceeding income.

Sale of Equipment

The process of selling off business equipment, often recognized as a financial transaction that can result in a gain or loss in accounting records.

Direct Method

A cash flow statement reporting approach that presents major classes of gross cash receipts and payments, providing a clearer view of cash flows from operating activities.