A Formal,written Guide to Action for Employees in an Organization

question 100

Multiple Choice

A formal,written guide to action for employees in an organization is known as a:

• A) policy.
• B) rule.
• C) standard operating procedure.
• D) rolling plan.
• E) scenario plan.

---

Definitions:

Indirect Method

A way to prepare cash flow statements where net income is adjusted for non-cash expenses, changes in working capital, and non-operating cash flows to calculate cash flow from operating activities.

Operating Activities

The day-to-day functions of a business related to producing and selling its goods or services, which are reflected in its cash flow.

Investing Activity

Transactions and events that involve the purchase and/or sale of long-term assets and other investments, as shown in a company’s cash flow statement.

Income Statement

A financial document that reports a company's revenues, expenses, and net profit or loss over a specific period of time.