The Disposal of a Significant Component of a Business Is

question 151

Multiple Choice

The disposal of a significant component of a business is called

• A)a change in accounting principle.
• B)an extraordinary item.
• C)an other expense.
• D)discontinued operations.

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Definitions:

Loanable Funds Market

A theoretical market in which borrowers and lenders negotiate loans or savings, determining the interest rates through supply and demand for funds.

Unemployment

The situation of being jobless and actively looking for work but unable to find a job.

Classical Macroeconomic Model

An economic theory that emphasizes the importance of classical concepts like full employment, supply and demand, and the self-regulating nature of markets.

Full Employment

A state of the labor market where virtually all individuals who are willing and able to work at prevailing wage rates are employed.