Which of the Following Quotations Illustrates an Increase in Aggregate

question 130

Multiple Choice

Which of the following quotations illustrates an increase in aggregate expenditure?

• A)"The new stadium will generate $200 million in spin off spending."
• B)"Higher expected profits are leading to higher investment spending by business, and will lead to higher consumer spending."
• C)"The projected cuts in government jobs will hurt the local retail industry."
• D)"Taking the grain elevator out of our small town will destroy 300 jobs."
• E)Both A and B

Understand the concept of accrued expenses and revenues and how to adjust for them.

Know the sequence for preparing financial statements.

Recognize the role and characteristics of the adjusted trial balance in the preparation of financial statements.

Recognize the importance and components of the post-closing trial balance.

---

Definitions:

Goal-Setting

The method of setting goals that are specific, quantifiable, attainable, pertinent, and limited by time.

Performance Implications

The potential outcomes or effects that an individual's or organization's performance can have on future success or decisions.

Age Discrimination

Unfair treatment of individuals based on their age, often seen in workplace or social settings.

Complaint

An expression of dissatisfaction or a claim regarding unmet expectations or wrongdoings.