Because of Past Experiences with Other Customers,you May Be Tempted

question 27

Multiple Choice

Because of past experiences with other customers,you may be tempted to:

• A) ask customers to go to another store for service.
• B) make faulty assumptions.
• C) look up the credit details of all the customers you are serving.
• D) view customers as a problem.

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Definitions:

Nonoperating

Items on a financial statement that are unrelated to the core operations of the business, such as investment income or losses.

Financial Activities

Transactions related to the financing of a company, including issuing debt, repaying debt, equity financing, and paying dividends.

Financing Activities

Cash flow activities that result in changes in the size and composition of the equity capital and borrowings of an entity.

Investing Activities

Investing activities include transactions involving the acquisition or disposal of non-current assets, such as property, plant, and equipment, or investment securities, which are reflected in a company's cash flow statement.