Companies Have the Option of Using Either the Direct or Indirect

question 76

True/False

Companies have the option of using either the direct or indirect method to prepare the operating section of the statement of cash flows.

---

Definitions:

HRM Practices

The activities and strategies that human resource management professionals employ to manage and develop an organization's workforce.

Low-Cost Provider Strategy

A competitive strategy focusing on producing goods or services at the lowest cost compared to competitors to attract price-sensitive customers.

Differentiation Strategy

A business approach in which a company seeks to distinguish its products or services from competitors through unique features.

Strategic Planning

The process of defining a company's strategy or direction and making decisions on allocating resources to pursue this strategy, including its capital and people.