General Sources of Shocks That Can Cause Business Cycles Include

question 89

Multiple Choice

General sources of shocks that can cause business cycles include the following, except

• A)irregular occurrence of innovations and productivity changes.
• B)monetary factors and financial instability.
• C)unemployment jumps and production drops.
• D)political events, either domestic or global.

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Definitions:

Standard Rate

A predetermined cost that is often used in budgeting and costing exercises to estimate the expected rate for services or products.

Direct Labour

The cost associated with employees who are directly involved in the production process.

Standard Hours

The amount of labor time that is expected to be spent on a particular task or to produce a specific quantity of goods under normal conditions.

General Ledger

A comprehensive record of all financial transactions over the life of a company.