Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

1. Introduction to Accounting

Business Organization

Financial Accounting

1. Introduction to Accounting

Business Organization

Previous problemNext problem

Struggling with Financial Accounting?

Join thousands of students who trust us to help them ace their exams!Watch the first video

Multiple Choice

Which of the following best describes how internal business changes, such as restructuring or adopting new technology, can affect a company's primary business activities?

They are limited to changes in the company's legal structure and do not influence day-to-day business activities.

They can alter the efficiency and effectiveness of operations, potentially impacting production, sales, and service delivery.

They always result in increased profits regardless of the nature of the change.

They only affect external stakeholders and have no impact on the company's internal processes.

Previous problemNext problem

Verified step by step guidance

Step 1: Understand the context of the question. The problem is asking about how internal business changes, such as restructuring or adopting new technology, can influence a company's primary business activities. This requires analyzing the impact on operations, production, sales, and service delivery.

Step 2: Clarify the concept of 'primary business activities.' These activities include core functions such as production, sales, and service delivery, which are essential for the company's operations and profitability.

Step 3: Evaluate the potential effects of internal changes. Restructuring or adopting new technology can improve efficiency and effectiveness, leading to changes in how resources are allocated, processes are streamlined, and customer needs are met.

Step 4: Compare the provided options. Analyze each statement to determine which one aligns with the concept of internal changes affecting primary business activities. For example, consider whether the changes are limited to legal structure, always result in increased profits, or only affect external stakeholders.

Step 5: Identify the correct answer based on the analysis. The most accurate description is that internal changes can alter the efficiency and effectiveness of operations, potentially impacting production, sales, and service delivery. This aligns with the broader understanding of how internal changes influence business activities.