The Economic Boom of the 1990s Was Caused in Part

question 19

Multiple Choice

The economic boom of the 1990s was caused in part by

• A) America "getting wired."
• B) low interest rates.
• C) an investment boom as the use of personal computers and the Internet became ubiquitous.
• D) All of the above are correct.
• E) Only a and c are correct.

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Definitions:

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.

Financial Statements

Formal records that outline the financial activities and conditions of a business, individual, or other entity.

Plant and Equipment

Tangible long-term assets owned by a firm, used in the production or supply of goods and services, such as machinery and buildings.

Functional Currency

The primary currency used by a business or entity in its operations and financial reporting.