One Consequence of the Economic Stagnation of the 1970s Was

question 61

Multiple Choice

One consequence of the economic stagnation of the 1970s was:

• A)the collapse of the governments of many Eastern bloc countries.
• B)a severe depression in the Soviet Union.
• C)the collapse of East Germany and its reunification with West Germany.
• D)the rise of an independent labor movement in Poland.
• E)the velvet divorce of Slovakia and the Czech Republic.

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Definitions:

Current Liabilities

Liabilities that will be due within a short time (usually one year or less) and that are to be paid out of current assets.

Capital Additions

Expenditures made by a company to acquire or improve long-term assets to increase its efficiency or capacity.

Budgeted Production

The planned level of output for a future period, determined as part of a company's budgeting process to forecast resource needs.

Estimated Inventory

An approximation of the quantity or cost of inventory that a company has on hand at a certain point in time.