Which of the Following Is Not Included as a Major

question 38

Multiple Choice

Which of the following is not included as a major force that drives industry competition and profitability?

• A)Existing competitors
• B)Economic power of suppliers
• C)Potential competitors
• D)Unions
• E)Indirect competitors

Knowledge of how changes in operating, investing, and financing activities affect a company’s cash position.

Skills in analyzing the comparative balance sheets to identify the cash impacts of various transactions.

Understand the role of net income, dividends, and other adjustments in calculating cash flows.

Identify the correct approach to adjustments for accounts receivable, inventory, prepaid expenses, income taxes payable, accounts payable, and accrued liabilities in the cash flow statement.

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Definitions:

Intent

The purpose or aim behind an action, demonstrating a conscious decision to perform that particular act.

Larceny

The wrongful taking and carrying away of another person’s personal property with the intent to permanently deprive the owner of the property. Some states classify larceny as either grand or petit, depending on the property’s value.

Force

The application of physical power or coercion; in legal contexts, it refers to compulsion by threat or physical action.

Robbery

The act of forcefully and unlawfully taking personal property of any value from another; force or intimidation is usually necessary for an act of theft to be considered a robbery.