One Similarity Between the Great Recession and the Great Depression

question 130

Multiple Choice

One similarity between the Great Recession and the Great Depression is that,in both episodes:

• A) large numbers of banks failed.
• B) there were significant problems in financial markets.
• C) the U.S.government raised taxes.
• D) the U.S.government allowed the money supply to decrease.
• E) the unemployment rate exceeded 20%.

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Definitions:

Direct Method

A technique in cost accounting where only direct costs are assigned to cost objects, ignoring indirect costs.

Step-Down Method

A cost allocation method used in accounting to assign overhead costs to products or service departments in a sequential manner.

Step-Down Method

A cost allocation method that sequentially allocates service department costs to other service departments and then to production departments.

Janitorial Department

A division within an organization dedicated to the maintenance and cleaning of buildings and facilities.