Activities involving the purchase and sale of long-term assets as well as other major items used in a business's operation are referred to as:
A)operating activities
B)investing activities
C)financing activities
D)planning activities

Question

Quizplus · Accepted Answer

Investing activities involve the purchase and sale of long-term assets and other major items used in a business's operation, such as buildings, equipment, and investments in other companies. Operating activities involve the day-to-day operations of the business, such as sales and expenses, while financing activities involve obtaining or repaying funds from creditors or investors. Planning activities are not a specific category of business activities.

Activities Involving the Purchase and Sale of Long-Term Assets as Well