All businesses are involved in three types of activities—financing, investing, and operating. Listed below are the names and descriptions of companies in several different industries.

Abitibi Consolidated Inc.—manufacturer and marketer of newsprint

Cal State–Northridge Stdt Union—university student union

Oracle Corporation—computer software developer and retailer

Sportsco Investments—owner of the Vancouver Canucks hockey club

Grant Thornton LLP—professional accounting and business advisory firm

Southwest Airlines—discount airline

Instructions

(a) For each of the above companies, provide examples of

(1) A financing activity,

(2) An investing activity, and

(3) An operating activity that the company likely engages in.

(b) Which of the activities that you identified in (a) are common to most businesses? Which activities are not?