Instructions: Explain/Define the Following Terms

question 71

Essay

Instructions: Explain/Define the following terms.
labor unions

Grasp the key differences and relationships between PR and advertising.

Recognize the impact of PR on public perception and credibility.

Identify the historical evolution and primary focus areas of public relations.

Describe corporate social responsibility (CSR) and its importance to business strategy.

---

Definitions:

Financing Activities

These are transactions and events that relate to how a company finances its operations, including issuing equity, obtaining loans, or paying dividends.

Investing Activities

Financial transactions related to the acquisition or sale of long-term assets and other investments not included in cash equivalents.

Operating Activities

Transactions and other events that affect the net income of a business, relating to its principal revenue-producing activities.

Accounting Equation

The fundamental equation of accounting, representing the relationship between assets, liabilities, and owner's equity (Assets = Liabilities + Equity).