A Decrease in the Quantity of Resources Available Causes a Movement

question 115

True/False

A decrease in the quantity of resources available causes a movement from one point on a given PPF to another point along the same PPF.

---

Definitions:

Dividends

Dividends refer to payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders.

Expense Recognition

An accounting principle that matches expenses with revenues in the period in which the incurred expense contributes to revenue generation, regardless of when the cash transaction happens.

Revenue Reported

The total amount of income recognized by a company during a specific accounting period from its business activities.

Accounting Principles

The rules and guidelines that companies must follow when reporting financial data.