U.S.economic Structure Is Moving

question 24

Multiple Choice

U.S.economic structure is moving:

• A)away from an agricultural economy to an industrial economy.
• B)away from an industrial economy to a knowledge-based one.
• C)back to an agricultural economy.
• D)away from an agricultural economy to a knowledge-based one.

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Definitions:

Indirect Method

A way to prepare cash flow statements where net income is adjusted for non-cash expenses, changes in working capital, and non-operating cash flows to calculate cash flow from operating activities.

Operating Activities

The day-to-day functions of a business related to producing and selling its goods or services, which are reflected in its cash flow.

Investing Activity

Transactions and events that involve the purchase and/or sale of long-term assets and other investments, as shown in a company’s cash flow statement.

Income Statement

A financial document that reports a company's revenues, expenses, and net profit or loss over a specific period of time.