Which of the Following Will Tend to Retard the Growth

question 8

Multiple Choice

Which of the following will tend to retard the growth and prosperity of a country?

• A)imposition of price controls and regulations that restrain domestic and international trade
• B)an expansionary monetary policy that leads to high rates of inflation
• C)high marginal tax rates
• D)all of the above

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Definitions:

Credit Sales

Sales made by a business that do not require immediate payment, but rather are paid for by the buyer at a later date.

Analysis of Receivables Method

A technique used in accounting to estimate the amount of receivables that will likely remain uncollectable.

Uncollectible Receivables

These are amounts due to a company from its customers that are considered unlikely to be collected.

Adjusting Entry

An accounting entry made at the end of an accounting period to record unrecognized income or expenses to ensure that the accounting records are accurate.