The Concept of 'Soft Numbers' Reflects That

question 37

Multiple Choice

The concept of 'soft numbers' reflects that

• A)financial statement numbers may be manipulated.
• B)sometimes significant measurement uncertainty exists.
• C)earnings numbers may not be sustainable.
• D)sometimes significant errors exist.

---

Definitions:

U.S. Goods

Products and services that are produced in the United States.

Dollar

The official currency of the United States, also used as a standard monetary unit in international transactions.

Long-Run Aggregate Supply Curve

A graphical representation showing the relationship between the price level and the quantity of output that can be produced in the economy in the long run, assuming all resources are fully employed.

Capital Stock

The total representation of a company's or country's machinery, buildings, and other physical assets used in production.