A Company Is Involved in Operating Activities When These

question 104

Multiple Choice

A company is involved in operating activities when these:

• A)activities are directly related to running the core business to earn profits.
• B)activities involve buying and selling productive resources with long lives (such as buildings,land,equipment,and tools),purchasing investments,and lending to others.
• C)activities involve borrowing from banks,repaying bank loans,receiving contributions from shareholders,or paying dividends to shareholders
• D)All of the above

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Definitions:

Soviet Union

A former federal socialist state in Eurasia that existed from 1922 to 1991, comprising Russia and several other republics, and was a primary player in the Cold War.

War Powers Act

A 1973 United States federal law that aims to balance the president's power to commit the country to armed conflict without Congress's consent.

Imperial Presidency

A term used to describe the modern presidency of the United States, which is characterized by greater powers than those enumerated in the U.S. Constitution.

Commander-In-Chief

The title held by the president of the United States as the highest-ranking officer in the country's armed forces, responsible for military decisions.