Operating Activities Involve the Acquiring and Selling of Goods and Services

question 91

True/False

Operating activities involve the acquiring and selling of goods and services for cash or on account.

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Definitions:

Affordable Care Act

A comprehensive health care reform law enacted in March 2010, aimed at making health insurance more affordable and accessible in the United States.

Fair Labor Standards Act

A U.S. law that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards.

Personal Breaks

Scheduled or unscheduled periods of time during a workday when employees are allowed to rest or attend to personal matters.

Compensate Employees

The act of providing payment or other forms of benefits to workers for their service and labor.