Which of the Following Is NOT an Example of an Increased

question 60

Multiple Choice

Which of the following is NOT an example of an increased standard of living?

• A) Lower life expectancy.
• B) Indoor plumbing.
• C) Medical advances.
• D) Telephones in every home.

---

Definitions:

Operating Activities

Activities directly related to the operating aspect of a business, such as selling products, managing costs, and paying salaries.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life.

Operating Activities

Business functions directly related to providing goods or services, such as sales, production, and day-to-day administration.

Depreciation Expense

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the asset’s consumption or wear and tear.