The Irregular and Largely Unpredictable Fluctuations in Economic Activity Are

question 71

Multiple Choice

The irregular and largely unpredictable fluctuations in economic activity are called

• A)market failure.
• B)business cycle.
• C)inflation.
• D)unemployment.

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Definitions:

Nonpaying Customers

Individuals who utilize services or products without providing payment for them.

Good Business Practice

A set of ethical guidelines and behaviors that are considered beneficial and appropriate in the business world for fostering success and integrity.

Company Policy

The guidelines and rules set by a company to outline acceptable behaviors and business practices for its employees.

Credit Cards

Payment cards issued by financial institutions that allow cardholders to borrow funds to pay for goods and services with the condition of paying back the borrowed amount plus any applicable interest.