All of the Following Are Cash Outflows from an Operating

question 153

Multiple Choice

All of the following are cash outflows from an operating activity except

• A)payment of interest on a loan.
• B)payment for purchasing inventory.
• C)payment to the government for tax bill.
• D)owner withdrawal from the company.

---

Definitions:

Income Elasticity

A measure of how much the demand for a good will change in response to a change in consumers' income.

Negative

In general terms, something that represents a deficit, lack, or detrimental aspect, often used in contexts like finance, emotions, or charges.

Inferior Good

A good for which demand decreases as consumer income rises, unlike normal goods, for which demand increases as consumer income rises.

Cross Elasticity of Demand

A measure of how the quantity demanded of one good responds to a change in the price of another good.