Gains on the Sale of Long-Term Assets Are

question 127

Multiple Choice

Gains on the sale of long-term assets are:

• A)added to investing activities.
• B)added to financing activities.
• C)added to operating activities.
• D)subtracted from operating activities.

---

Definitions:

Lean Production

A manufacturing philosophy that emphasizes the minimization of waste and maximization of efficiency within the production process.

Competitive Advantage

Allows an organisation to deal with market and environmental forces better than its competitors.

Service Quality

An assessment of how well a service meets or exceeds customer expectations.

Customer Service

The assistance and support provided by a company to those who buy or use its products or services.