From A______________perspective,business Cycles Are the Result of Capitalist Greed

question 54

Multiple Choice

From a______________perspective,business cycles are the result of capitalist greed.In order to maximize profits,capitalists suppress the wages of workers.As the prices of products increase,workers are not able to purchase them in the quantities that have been produced.

• A)functionalist
• B)conflict
• C)symbolic interactionist
• D)postmodernist

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Definitions:

Income Taxes Payable

Income taxes payable is a liability account on a company's balance sheet representing the amount of income taxes that the company owes to the government but has not yet paid.

Discount on Bonds Payable

The difference between the face value of a bond and the lower price at which it is sold, representing additional interest expense to the issuer over the bond's life.

Interest Expense

Costs incurred by an entity for borrowed funds, which are recognized on the income statement.

Fixed Asset

Long-term tangible assets, such as machinery and buildings, used in the operation of a business, not expected to be consumed or converted into cash in the short term.