Which Type of the Major Activities of a Business Are

question 105

Multiple Choice

Which type of the major activities of a business are best described as those events involve the purchase of assets for use in the business?

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

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Definitions:

Utility-Maximizing

The behavior or practice of selecting the combination of goods and services that provides the highest level of satisfaction or utility to an individual, given a particular budget constraint.

Pork

In political context, it refers to government spending for localized projects secured primarily to bring money to a representative's district; in food, it's the meat from a pig.

Chicken

A domesticated bird raised for its meat and eggs, one of the most common sources of protein in diets worldwide.

Optimal Consumption

The point at which a consumer maximizes their satisfaction or utility from consumption under their budget constraints.