The Set of Processes and Steps a Firm Uses to Acquire

question 90

Multiple Choice

The set of processes and steps a firm uses to acquire the various resources it needs to create it products is called ________.

• A) procuring
• B) outsourcing
• C) diversifying
• D) onboarding

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Definitions:

Cash Outflow

Money or cash spent by a company for operating expenses, investments, and financing activities.

Cash Inflow

Funds or amounts of money received by an organization, either from operational activities such as sales or non-operational activities like investments and financing.

Noncash Investing

Investment activities that do not involve direct cash transactions, such as acquiring assets through issuance of stock or exchange of other assets.

Financing Activity

Transactions and events whereby resources are obtained from, or repaid to, owners (equity financing) or creditors (debt financing).