Which Type of the Major Activities of a Business Are

question 73

Multiple Choice

Which type of the major activities of a business are best described as those events that raise money by means other than operations?

• A) Financing activities
• B) Operating activities
• C) Investing activities
• D) Earning activities

Identify the components and objectives of an internal control system.

Distinguish between proper and weak internal control practices in managing cash.

Comprehend the corrections and adjustments made during bank reconciliation.

Appreciate the importance of petty cash funds in cash management.

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Definitions:

Inequality/Equality

Mathematical expressions that describe the relationship between two values, indicating whether they are unequal or equal respectively.

Monthly Profit

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A classification for steel sheets, indicating specific properties or uses, typically related to the grade or quality of the steel.

Solver

An optimization tool in Excel that finds the best solution to a problem by changing multiple variables.