The Recession of 2007-2009 Was

question 138

Multiple Choice

The recession of 2007-2009 was:

• A) deeper than the recessions of 1990 and 2001.
• B) longer and more severe than the Great Depression.
• C) one of the shortest on record.
• D) dissimilar to the Great Depression in that the financial sector was not involved.

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Definitions:

Cost-Benefit Considerations

The process of weighing the total expected costs against the total expected benefits of one or more actions in order to choose the best or most profitable option.

Risk Assessment

The process of identifying, analyzing, and evaluating the risks involved in a certain situation or for a specific investment.

Protect Assets

Measures or strategies implemented by a company or individual to safeguard physical and intangible assets from loss, damage, or theft.

Internal Auditors

Professionals employed by an organization to perform audits on the efficacy and efficiency of its operations, ensuring adherence to laws and policies.