The Overall Characteristics of a Product That Allow It to Perform

question 16

Multiple Choice

The overall characteristics of a product that allow it to perform as expected in satisfying customer needs is

• A) quality.
• B) consistency.
• C) durability.
• D) styling.
• E) design.

---

Definitions:

Statement of Cash Flows

A financial report that provides aggregate data regarding all cash inflow and outflow a company receives from its ongoing operations and external investment sources.

Operating Activities

Involves the day-to-day actions that are taken for the main operations of a business, such as sales and purchase of goods or services, which are reflected in the cash flow from operating activities in the financial statements.

Comparative Balance Sheet

A financial statement that presents the balances of assets, liabilities, and stockholders' equity at two or more different points in time to analyze trends or changes.

Indirect Method

A method for preparing the cash flow statement that starts with net income and adjusts for non-cash transactions.