The High Point in the Business Cycle Is Referred to as the

question 53

Multiple Choice

The high point in the business cycle is referred to as the

• A)expansion.
• B)boom.
• C)peak.
• D)turning point.

---

Definitions:

Equity-Method Investments

An accounting treatment for investments in which the investor has significant influence over the investee, typically between 20% and 50% ownership, requiring the investor to include its share of the investee's income.

Trading Security

A financial instrument held by a firm primarily for the purpose of selling it in the short term for profit.

Available-for-sale Security

Financial securities that are not classified as held-for-trading or held-to-maturity, and thus can be sold in the market.

Accounting

The systematic process of recording, summarizing, analyzing, and reporting financial transactions of a business or individual.