Which of the Following Phases of a Business Cycle Generates

question 90

Multiple Choice

Which of the following phases of a business cycle generates cyclical deficit (a movement from a surplus to a deficit) as a by-product?

• A)Recession
• B)Trough
• C)Expansion
• D)Peak

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Definitions:

Outstanding Shares

The total number of shares of stock that are currently owned by shareholders, including shares held by institutional investors and restricted shares owned by company insiders.

Statutory Close Corporation Supplement

A legal provision that allows a closely held corporation to operate with fewer formalities and more flexibility than is typical under corporate law.

MBCA

Model Business Corporation Act, a model set of laws prepared by the Committee on Corporate Laws of the American Bar Association to guide states in the preparation of their corporate statutes.

Close Corporation

A type of business entity with a limited number of shareholders and restricted stock trading, often operated by family members or close associates.