The Economic Reforms of the Early 1990s That Occurred in the Former

question 43

Multiple Choice

The economic reforms of the early 1990s that occurred in the former Soviet Union and Eastern Europe resulted in:

• A) The formation of the Council for Mutual Economic Assistance
• B) Multinational firms refusing to operate in these nations
• C) A movement from centrally-planned economies toward market economies
• D) A movement from market economies toward centrally-planned economies

---

Definitions:

Fixed Asset Turnover

A financial ratio indicating how efficiently a company uses its fixed assets to generate sales.

Double-Declining-Balance Method

The double-declining-balance method is an accelerated depreciation technique that writes off a larger portion of an asset's value early in its useful life, decreasing over time.

Residual Value

It is the estimated amount that an asset is expected to realize at the end of its useful life after deducting all costs associated with its disposal.

Depreciation

The methodical distribution of a physical asset's cost over its lifetime, indicating its usage, deterioration, or becoming outdated.