Which of the Following Statements About Management Is TRUE

question 11

Multiple Choice

Which of the following statements about management is TRUE?

• A) Management occurs solely among individuals at high levels in organizations.
• B) Management exists only in business firms.
• C) Management is relatively unimportant in not-for-profit organizations.
• D) Management exists in organized crime and street gangs.
• E) None of these choices

---

Definitions:

Financing Activities

Transactions that result in changes in the size and composition of the equity and borrowed funds of a business.

Net Cash Provided

The total amount of cash generated by a company's activities, including operating, investing, and financing activities, during a specific period.

Cash Dividends

The distribution of profits by a corporation to its shareholders in the form of cash.

Indirect Method

A technique used in cash flow statements to adjust net income for the changes in non-cash accounts to calculate net cash from operating activities.