During Economic Recession

question 55

Multiple Choice

During economic recession:

• A)unemployment begins to decline as business activity accelerates.
• B)businesses expand by hiring more employees.
• C)people turn to lower-priced retailers for the goods they need.
• D)consumer confidence about the future is optimistic.

---

Definitions:

Selling and Administrative Expenses

Costs related to the selling of products and the administration of the business, not directly tied to production.

Constrained Resource

A limited resource in a production or project management environment that can restrict output or throughput.

Current Profitability

A measure of a company's financial performance in the short term, often evaluating the income it generates over a recent period against the expenses.

Intermediate Products

Goods that are produced in one manufacturing process but are used as inputs in another, not yet final products.