The term ________ is used to characterize the fluctuations in an economy's rate of growth over a period of several years
A) microeconomics
B) competitive pressures
C) cyclical machinations
D) business cycles
E) economic repercussions
Answer: D
Explanation: Business cycles are fluctuations in the rate of growth that an economy experiences over a period of several years.
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According to the text, primary data are an economical and quick source of background information
Indicate whether the statement is true or false
What term best defines the following type of stakeholder? “They hold participation in the distribution of profits, additional stock offerings, assets of liquidation, and may also elect the board of directors.”
A. shareholders B. employees C. creditors D. suppliers
Sam's Shirts manufactures men's dress shirts. If the cost object is the production of dress shirts, which of the following would be considered an indirect cost?
a. the salary of the production manager b. the labor cost to sew the shirts c. None of these choices are indirect costs. d. the cost of material
In today's global market, U.S. companies using traditional mass manufacturing methods are:
A. More efficient and highly competitive B. No longer competitive C. As competitive as other methods of production D. Rebounding and becoming more competitive again