Which of the Following Is an Example of an Economic

question 90

Multiple Choice

Which of the following is an example of an economic event that should be recorded as an accounting transaction?

• A) the purchase of supplies
• B) the signing of a contract to build a new corporate headquarters
• C) the appointment of a new Chief Executive Officer
• D) the launch of a new marketing strategy

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Definitions:

Mainstream Economics Perspective

The commonly accepted views and theories within the economics field that influence policy-making and academic research.

Labor Market

The supply and demand dynamics for labor, where employers seek to hire workers, and workers seek employment.

Workplace Governance

The systems, policies, and practices that control and direct the activities within a workplace, including the management of relationships among stakeholders.

Industrial Relations School

A field of study and practice focusing on the management of workplace and labor relations, including the roles of unions, employers, and governments.