Use the Figure Below to Answer the Following Questions

question 123

Multiple Choice

Use the figure below to answer the following questions. Figure 2.1.1
-Refer to the production possibilities frontier in Figure 2.1.1.Which one of the following is true about point C?

• A)It is efficient and attainable.
• B)It is unattainable.
• C)It is attainable and inefficient.
• D)It is attainable only if the opportunity cost of producing X increases.
• E)It is attainable only if the opportunity cost of producing X decreases.

---

Definitions:

Cash Payments

Transactions involving the outflow of cash to settle obligations or purchase goods and services.

Control Environment

The overall attitude of management and employees about the importance of controls.

Internal Control Structure

A set of processes and procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Recording Transactions

The systematic process of documenting financial transactions in the accounting records of a business.