The Huge Increase from 1985 to 2002 in the Number

question 71

Multiple Choice

The huge increase from 1985 to 2002 in the number of new cars sold to American teenagers can be attributed to:

• A) better and cheaper cars that are available.
• B) improvements in safety standards so that teens are more comfortable owning their own cars.
• C) parents being more willing to buy the cars and pay for the insurance.
• D) more "teen-friendly" cars being on the market.

---

Definitions:

Income Statement

A financial statement that provides a summary of a company's revenues, expenses, and profits or losses over a specific period of time.

Revenues

Aggregate income produced from the core activities of a business, mainly through the sale of goods and services.

Expenses

The outflow of money or other resources from a person or company to pay for goods or services.

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, detailing revenue and expenses to show net income or loss.