The best approach to solve the problem of an annual budget deficit is to:
A. liquidate more assets than required to meet the budget shortfall for the year.
B. borrow funds on credit cards.
C. reduce flexible expenditures on nonessential items.
D. reduce fixed expenses.
E. reduce high-priority expenses on the budget.
Answer: C
You might also like to view...
The current account is a record of all long-term direct investment, portfolio investment, and other short- and long-term capital flows
Indicate whether the statement is true or false
What are “I statements”? Create an “I” statement to address a friend who always cancels plans.
What will be an ideal response?
Consider the regression results where sales is the independent variable and cash is the dependent variable. If next year’s sales are forecasted to be 8,260, what is the forecast for cash?
a) $3,953.95
b) $4,054.37
c) $2,201.57
d) $1,221.30
e) $799.84
Which of the following is an assumption of fundamental analysis?
a. Securities markets are efficient. b. Prices of securities rapidly reflect all publicly available information. c. The strong form of the efficient-markets hypothesis is true. d. Under-priced shares can be found in the securities market by means of financial statement analysis.