For Much of 2001 and 2002,McDonalds Faced A(n)

question 2

Multiple Choice

For much of 2001 and 2002,McDonalds faced a(n) :

• A)decrease in demand.
• B)increase in demand.
• C)increase in profits.
• D)none of the above.

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Definitions:

Current Liability

A business's liabilities or amounts owed that must be settled with lenders within a twelve-month period.

Bonds Payable

Long-term liabilities represented by bonds that a company has issued, promising to repay the principal amount along with interest on specified dates.

Long-Lived Assets

Assets that are expected to provide economic benefits to a company over a period longer than one year, such as buildings, machinery, and land.

Physical Substance

A characteristic referring to tangible assets which have a physical form and presence, as opposed to intangible assets like patents or copyrights.