Which of the Following Statements Is False

question 4

Multiple Choice

Which of the following statements is false?

• A) The legal concept of charitable trusts has a history of at least 400 years.
• B) The concept of charity is historic, but has no relevance to the present day.
• C) Charities can be used by the government to implement government policies.
• D) Charities rely exclusively on voluntary action.

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Definitions:

Operating Cash Flow

Operating Cash Flow is the cash generated from a company's regular business operations, indicating its ability to generate sufficient positive cash flow to maintain and grow its operations.

Depreciation

The process of allocating the cost of a tangible asset over its useful life, recognizing the asset's decline in value over time.

Accounting Break-even

The moment when the sum of all costs equals the total revenue, which means there is no net gain or loss.

Operating Cash Flow

Cash generated by a company’s normal business operations.