Which of the Following Situations Might Require a Progress Report

question 58

Multiple Choice

Which of the following situations might require a progress report?

• A)The work of a committee preparing for an open house when a new wing of a hospital is completed
• B)The reporting of monthly sales figures for all divisions
• C)A study of whether a company should provide on-site childcare
• D)A one-page summary of a long article in The Wall Street Journal

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Definitions:

Recession

An interval where the economy experiences a downturn, with a noticeable decrease in trade and manufacturing activities, usually identified by GDP decreasing for two straight quarters.

Inflation

An increase in the economy’s average price level.

Expansion

Expansion refers to the phase in the economic cycle where an economy is growing and experiencing increasing levels of output, employment, and income.

Actual Output

The actual quantity of goods and services produced in an economy over a specific period.