Which of the Following Statements Does Not Describe the U

question 123

Multiple Choice

Which of the following statements does not describe the U.S.economy as we finish the first decade of the new millennium?

• A) Information technology will continue to fuel the new economy.
• B) There will be more investment in information technology.
• C) There will be fewer opportunities for international trade.
• D) e-business will be a more important part of the economy.
• E) Service businesses will continue to employ more than half of the American workforce.

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Definitions:

Operating Activities

Transactions and other events related to the core business functions of an entity, generally involving the production, sales, and delivery of goods and services.

Gain

A financial increase resulting from a transaction that exceeds the cost or value of the item sold or exchanged.

Direct Method

A way of preparing the cash flow statement where actual cash flows from operating activities are listed directly.