Operating Activities

question 131

Multiple Choice

Operating activities:

• A) Are the means organizations 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:

Fourth of July

A national holiday in the United States commemorating the adoption of the Declaration of Independence on July 4, 1776.

Newspaper Coupon

a voucher printed in newspapers that offers a discount on a particular product or service.

Price-Elastic

A scenario where the quantity demanded or supplied of a good is sensitive to changes in its price.

Japanese Steel

Refers to steel products manufactured and exported by Japan, known for their quality and technological innovation in the steel industry.