Which of the Following Is a Macroeconomic Issue

question 116

Multiple Choice

Which of the following is a macroeconomic issue?

• A) Planning a price increase for daily bus fare.
• B) Predicting inflation rates for next year.
• C) Determining how many permits should be issued for single homes in Montreal.
• D) Negotiation a wage increase for faculty at local university.
• E) Identifying the best location for future department stores in Ontario.

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Definitions:

Inventory

A company's raw materials, work-in-process goods, and completely finished products that are considered to be part of its current assets.

Prepaid Expenses

Expenses paid in advance for services or goods to be received in the future, such as insurance premiums or rent.

Warranty Repairs

Services offered to repair or replace a product within a specific time frame, typically free of charge, under a warranty agreement.

Warranty Expense

This is an accounting term for the cost that a company anticipates or incurs due to the repair or replacement of products under warranty.