In Order to Take Responsibility for His or Her Own

question 2

Multiple Choice

In order to take responsibility for his or her own learning, a student can learn best by

• A) openly comparing his or her skills with others.
• B) learning to take thorough notes in class.
• C) remaining open to feedback and corrective suggestions.
• D) keeping difficulties private until you have learned to move beyond them.

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Definitions:

Direct Method

One of two methods of preparing the net cash flow from operating activities section of the statement of cash flows. Each of the major areas of sources and uses of cash for operations is detailed separately.

Indirect Method

One of two methods of preparing the net cash flow from the operating activities section of the statement of cash flows. Involves converting the accrual basis net income figure from the income statement to the net cash flows from operating activities.

Operating Activities

Those activities most closely related to conducting the business for which the enterprise was established. Activities such as selling merchandise and services to customers and paying salaries and other expenses needed to continue earning the operating revenue are classified as operating activities.

Net Cash Flow

The difference between a company's cash inflows and outflows in a given period, indicating its ability to generate cash.