In the Activity Resource Model, Flexible Resources Are

question 25

Multiple Choice

In the activity resource model, flexible resources are

• A)resources acquired in advance of usage.
• B)resources acquired as used and needed.
• C)usually acquired in lumpy amounts.
• D)are normally fixed or mixed costs.

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Definitions:

Financing Activities

These activities include transactions and events that affect the long-term liabilities and equity of an entity, such as issuing debt or equity securities.

Investing Activities

Activities reported on the cash flow statement that relate to the acquisition and disposal of long-term assets and other investments not considered cash equivalents.

Indirect Method

A way of calculating cash flows from operations by starting with net income and adjusting for non-cash transactions and changes in working capital.

Operating Activities

Activities that relate directly to the business's primary operations, such as sales, provision of services, production, and associated expenses.