Which of the Following Is FALSE About the Transition from Communism

question 38

Multiple Choice

Which of the following is FALSE about the transition from communism to capitalism in Russia and China?

• A)China chose a dual track strategy.
• B)China's transition strategy was considered gradualist.
• C)Russia chose a rapid transition strategy.
• D)Russia's transition was aided by the large number of workers it had in heavy industry.
• E)China's transition was aided by the large number of workers it had in rural agriculture.

---

Definitions:

Operating Cycle

The process by which a company spends cash, generates revenues, and receives cash either at the time the revenues are generated or later by collecting an accounts receivable.

Federal Government

The national government of a country, which holds the primary authority over the nation and implements laws, policies, and regulations across the entire country.

Adjusted Trial Balance

A financial statement that lists all accounts and their balances after adjustments have been made.

Expense Accounts

Accounts that track the costs of operating a company including costs of goods sold, operating expenses, and non-operating expenses.