The Recession Caused by the Global Financial Crisis Was Severe,but

question 46

Multiple Choice

The recession caused by the global financial crisis was severe,but much smaller in magnitude than the Great Depression. because

• A)of massive intervention by governments to prop up financial markets.
• B)the larger world population.
• C)modern technological inventions makes sustaining a crisis difficult.
• D)the Federal Reserve stayed out of the way during the most recent crisis.

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Definitions:

Net Operating Income

A company's revenue minus its operating expenses, not including taxes and interest charges, representing the profit from core business operations.

Price

Refers to the monetary value assigned to a product or service, indicating what a buyer must pay to obtain it.

Target Costing

A cost management strategy whereby a product’s selling price is considered in designing and developing a product, with an intent to manage costs and maintain profitability.

Desired Return

The minimum return that an investor, project, or business aims to achieve from an investment or venture, factoring in risk and opportunity cost.