All companies are involved in three types of activities: operating, investing, and financing. The names and descriptions of corporations in several different industries follow:

West Jet Airlines-airline

University of Calgary Students' Union-university student union

GlaxoSmithKline- pharmaceutical manufacturer

Maple Leaf Sports & Entertainment-professional sports company (including ownership of the Toronto Maple

Leafs hockey team and Raptors basketball team)

Empire Company-food retailer and real estate investments (including ownership of Sobeys)

Instructions

(a) For each of the above corporations, provide a likely example of

(1) One of its operating activities,

(2) One of its investing activities, and

(3) One of its financing activities.

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