Which of the Following Statements Regarding Abbreviations Is NOT Correct

question 166

Multiple Choice

Which of the following statements regarding abbreviations is NOT correct?

• A)Abbreviations are commonly used.
• B)Using your personal abbreviations is acceptable if approved by your supervisor.
• C)Use of abbreviations can be confusing.
• D)Spell out abbreviations if confusion is a possibility.

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Definitions:

Save Less

Refers to a decrease in the amount of income that individuals or entities set aside as savings.

Demand-for-loanable-funds

The desire for borrowing money from available financial resources, influenced by the interest rate.

Investment Tax Credit

A tax credit offered to firms or individuals that invest in certain types of assets, aimed at encouraging investment.

Loanable Funds Market

A theoretical market where borrowers and lenders interact, facilitating the lending and borrowing of funds based on interest rates.