Contract Terms May Not Be Implied from Conduct

question 43

True/False

Contract terms may not be implied from conduct.

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Definitions:

Capital Spending

Funds used by a company to acquire, upgrade, and maintain physical assets such as property, industrial buildings, or equipment.

Accounts Payable

The sum of money owed by a business to its vendors or lenders for products and services acquired on credit.

Top-Down Approach

An investment strategy that begins with analyzing macroeconomic factors before drilling down into the specifics of individual securities.

Operating Cash Flow

Cash generated from a company's normal business operations, indicating whether a company can maintain or grow its operations without new financing.