You Are an Intern at a Giant Computer Software Company

question 204

Multiple Choice

You are an intern at a giant computer software company.Today you are sitting in a meeting with novice and expert computer programmers discussing the latest project.The project is on writing a program to allow easier Internet surfing.Which of the following are you most likely to hear?

• A) Tom (expert)-"Let's start with the overall goal and work backwards."
• B) Jan (expert)-"We should discuss how the program will look."
• C) Stuart (expert)-"A good starting point is to brainstorm marketing strategies."
• D) Modine (novice)-"Let's be clear on the objective of the program first."

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Definitions:

Operating Activities

Activities directly related to the day-to-day operations of a business, such as selling products or services, which are reflected in the company's cash flow from operating activities.

Direct Method

A cash flow statement preparation method that lists specific operating cash receipts and payments, directly showing sources and uses of cash.

Indirect Method

A cash flow statement approach that adjusts net income for changes in non-cash accounts to calculate cash from operating activities.

Operating Activities

Activities directly related to the operation of the business, including cash flows from operations, investing, and financial activities.