Which of the Following Statements Is Not True

question 8

Multiple Choice

Which of the following statements is not true?

• A)If a firm is operating profitably, it will automatically have plenty of cash.
• B)The concept of cash underpinning the statement of cash flows is 'cash and cash equivalents.'
• C)A bank overdraft is an example of a 'cash equivalent.'
• D)Cash is the pre-eminent asset as it is the medium with which claims are normally settled.

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Definitions:

Victims

Individuals who have suffered harm or injury as a result of an action or event.

Misfortune

An instance of bad luck or an unfortunate condition or event affecting someone's life or circumstances.

Fundamental Attribution Error

The fundamental attribution error is the tendency to attribute others' behaviors to their personality or disposition rather than to external factors.

Personal Factors

Characteristics or attributes of an individual that influence their behavior and actions, including age, education, income, and personality traits.