A Business Cycle Has Two Turning Points,which Are the

question 78

Multiple Choice

A business cycle has two turning points,which are the

• A)recession and trough.
• B)peak and recession.
• C)trough and peak.
• D)expansion and recession.
• E)peak and expansion.

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Definitions:

Debt Ratio

The ratio of total debt to total assets, it measures the percentage of funds provided by investors other than preferred or common shareholders. Also called debt-to-assets ratio.

ROE

Return on Equity; a measure of the profitability of a business in relation to the equity.

Current Ratio

An indicator of a company's financial health, showing its capability to settle obligations due within a year by comparing its short-term assets to its short-term liabilities.

Accrued Liabilities

Liabilities recorded on the balance sheet that represent expenses that have been incurred but not yet paid.