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The Practice of Managing and Intentionally Setting Discontinue Dates for Products

question 69

True/False

The practice of managing and intentionally setting discontinue dates for products is known as planned obsolescence.

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Definitions:

Operating Activities

Activities related to the daily operations of a business, such as selling products, managing costs, and paying employees, as reflected in the company’s cash flow.

Source Of Cash

Any activity or operation that brings money into the organization, increasing its cash availability.

Current Assets

Resources intended to be turned into cash, sold, or used up either within one year or over the course of the business's operating cycle, depending on which period is greater.

Cash Reserves

Funds that a company or individual keeps on hand to meet short-term and emergency funding needs.

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