Michelle is investigating the financial statements of two companies. One company is in the maturity phase of the corporate life cycle, and the other company is in the decline phase. What financial activity might both companies be involved in?

Purchasing treasury stock

Explanation:

Base on the scenario been described in the question, the type of financial activity both company are involved in is Purchasing treasury stock

Treasury stock purchase is often a form of reserved stock set aside to raise funds or pay for future investments. Companies can probably use this treasury stock to pay for an investment or acquiring of competing businesses.

there's 11 people for the 1st position. then, no matter who gets it, there's only 10 left for the second, and then 9 left for the third. 11 x 10 x 9 = 990.   the answer is there are 990 different ways the positions can be filled by these applicants