If Unplanned Investment Is Positive,firms Will ________ Production and Output

question 117

Multiple Choice

If unplanned investment is positive,firms will ________ production and output will ________.

• A)cut;rise
• B)cut;fall
• C)increase;rise
• D)increase;fall

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Definitions:

Periodic Inventory System

An accounting method that records inventory purchases and sales periodically, often at the end of an accounting period, instead of continuously updating stock levels.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials, labor, and overhead.

Accounting Period

The specific time period during which financial transactions are recorded and financial statements are prepared, typically a quarter or a year.

Cost of Goods Sold

The total cost directly attributed to the production of goods sold by a company, including materials and labor costs but excluding indirect expenses.