Operating Activities

question 199

Multiple Choice

Operating activities:

• A)Are the means organizations must use to pay for resources like land,buildings,and equipment.
• B)Involve using resources to research,develop,purchase,produce,distribute,and market products and services.
• C)Involve acquiring and disposing of resources that a business uses to acquire and sell its products or services.
• D)Are also called asset management.
• E)Are also called strategic management.

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Definitions:

MR

Marginal Revenue, the additional income that an organization earns by selling one more unit of a product or service.

MC

Marginal Cost; the additional cost incurred from producing one more unit of a good or service.

Tunnel Vision

A cognitive bias that creates a focus on a single goal or perspective, often leading to overlooking other relevant information or alternatives.

Social Pressure

The influence that is exerted on an individual or group by another individual or group, encouraging conformity to behaviors, beliefs, or values.