Which of the Following Types of Activities Is More Closely

question 45

Multiple Choice

Which of the following types of activities is more closely associated with projects rather than processes?

• A)An activity that is ongoing
• B)An activity that is day-to-day
• C)An activity that uses existing systems
• D)An activity that establishes its own work rules

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Definitions:

Retained Earnings

The portion of net income that is not distributed to shareholders as dividends but is kept by the company for reinvestment or to pay off debt.

Net Income

The total profit of a company after subtracting all expenses, taxes, and costs from its total revenue.

Inventory Method

The approach or system used by a company to track and manage inventory, such as FIFO (First-In, First-Out) or LIFO (Last-In, First-Out).