A government's fiscal policy options to maintain economic stability are to raise or lower taxes or to borrow money

Indicate whether the statement is true or false.


Answer: TRUE
Explanation: These two fiscal policy tools enable the government to infuse money into or withdraw money from the general economy.

Business

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For reporting purposes, the personal assets and debts of a business owner should be combined with the assets and debts of the business

Indicate whether the statement is true or false

Business

The accrual basis of accounting requires revenue be recorded when cash is received from customers

Indicate whether the statement is true or false

Business

A justification report and an exception report have a similar purpose

Indicate whether the statement is true or false

Business

Economic fluctuations (recessions or expansions) are examples of which time series demand component?

a. Trend b. Seasonality c. Cyclical d. Random variation

Business