Which of the Following Helped Transform the Budget Deficits of the Early

question 141

Multiple Choice

Which of the following helped transform the budget deficits of the early 1990s into surpluses later in the decade?

• A) Rapid growth in the number of persons moving into the retirement phase of life during the 1990s
• B) A reduction in defense expenditures following the end of the Cold War
• C) A 1997 increase in the tax rate imposed on income derived from capital gains
• D) A reduction in Social Security and health-care benefits during the 1990s

---

Definitions:

Forecast Accuracy

The degree to which forecasted values correspond to the actual values observed, often used in planning and inventory management.

Lead Times

The periods required for the completion of processes or activities, especially from the point of order to the delivery of goods.

Supply Chain Managers

Professionals responsible for overseeing and managing the entire supply chain process to ensure efficiency, cost-effectiveness, and timely delivery of products.

Backup Sourcing

Is the strategy of establishing alternative suppliers to ensure the continuity of supply in case of primary supplier failures.