In a ______, There Is an Increased Demand for Industrial

question 68

Multiple Choice

In a ______, there is an increased demand for industrial production, which stimulates economic productivity and employment.

• A)closed economy
• B)war economy
• C)political economy
• D)communist economy

---

Definitions:

Revenues

The cumulative income derived from transactions involving goods or services tied to the main business functions.

Expenses

Costs incurred by a business in the process of earning revenue, which are not directly tied to the production of goods or services.

Accounting Standard-Setting Body

An organization that establishes benchmarks or rules for preparing and presenting financial statements and other related accounting practices.

Securities and Exchange Commission

The U.S. federal agency responsible for regulating the securities industry and ensuring public companies adhere to disclosure laws.