Economics Is the Study of How a Society ________

question 142

Multiple Choice

Economics is the study of how a society ________.

• A) invests wisely in the stock market.
• B) employs resources to produce goods and services and distribute them among competing groups and individuals.
• C) employs statistical techniques to make predictions about the evolution of society over the long run.
• D) governs itself for the good of its citizens.

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Definitions:

Days' Sales In Inventory

Days' sales in inventory is a financial ratio that shows how many days, on average, it takes for a company to turn its inventory into sales, indicating inventory management efficiency.

Return On Common Stockholders' Equity

A measure of a company's profitability that shows how much profit is generated with the money shareholders have invested.

Net Income

The amount of profit left over after all expenses and taxes have been subtracted from total revenues.

Common Stockholders' Equity

The part of the equity section of a company's balance sheet that represents the ownership interest held by shareholders.