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. Are also called asset management.
D. Are also called strategic management.
E. Involve acquiring and disposing of resources that a business uses to acquire and sell its products or services.
Answer: B
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What will be an ideal response?
The receivable turnover ratio is needed to calculate the
a. days' sales uncollected. b. days' inventory on hand. c. inventory turnover. d. interest coverage ratio.
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Answer the following statement true (T) or false (F)