Identify the Incorrect Statement About the U.S.federal Deficit

question 68

Multiple Choice

Identify the incorrect statement about the U.S.federal deficit.

• A)The U.S.is now the world's leading creditor.
• B)The U.S.borrows huge sums from abroad.
• C)Some critics blame U.S.fiscal policy as reflected in the large federal deficits for the switch of the U.S.from creditor to debtor nation.
• D)Japan and China are big buyers of U.S.Treasury securities.
• E)The federal budget,on an average,had a deficit of 3.0 percent relative to GDP.

Understand the importance of management discussion and analysis (MD&A) in corporate reporting.

Identify the differences between the direct and indirect methods of reporting cash flows from operating activities.

Recognize the components and classifications of cash flows within the statement (operating, investing, and financing activities).

Distinguish between cash flows from operating activities and other activities (investing and financing).

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Definitions:

Lead Time

The total time that elapses between the initiation and completion of a process, such as from placing an order to delivery of a product.

5Ss

refers to a workplace organization method that uses a list of five Japanese words: seiri, seiton, seiso, seiketsu, and shitsuke, translating to sort, set in order, shine, standardize, and sustain.

Kanban Size

Refers to the quantity of work or inventory items that a Kanban card or signal controls in a Kanban system, aiming to optimize workflow and reduce waste in a pull-based production system.

Setup Cost

The expenses incurred to prepare equipment or processes for manufacturing or service provision.