Match the Term with the Definition

question 2

Multiple Choice

Match the term with the definition.
-Regulatory body established by the Glass-Steagall Banking Act that guaranteed the federal government would reimburse bank depositors if their banks failed. This move restored depositors' confidence in the banking system during the Depression.

• A)Agricultural Adjustment Act (AAA)
• B)Committee for Industrial Organization
• C)Civilian Conservation Corps (CCC)
• D)court-packing plan
• E)Federal Deposit Insurance Corporation (FDIC)
• F)fireside chats
• G)National Recovery Administration (NRA)
• H)New Deal coalition
• I)Social Security
• J)underconsumption
• K)Wagner Act
• L)Works Progress Administration (WPA)

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Definitions:

Target Net Income

The income objective set by management.

Required Sales

The amount of sales a company needs to achieve in order to cover all its costs and reach its break-even point.

Variable

An element or factor that is subject to change or variation, often used in financial analysis or scientific experiments.

Fixed

Refers to expenses that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.