What Is Perestroika

question 26

Multiple Choice

What is perestroika?

• A)greater openness, a policy in the 1980s that encouraged several republics to demand independence
• B)restructuring of the planned centralized economy, an early move toward a freer market
• C)a policy of education improvement, in the last days of the former Soviet Union
• D)the Russian word for railroad
• E)improvement of the Russian environment

---

Definitions:

FVE Method

An accounting technique where assets and liabilities are valued and reported at their fair value for financial reporting purposes.

Cost Method

An accounting method for investment, where the investment is recorded at cost and is adjusted for dividends received, rather than market value fluctuations.

Investment Account

An account held at a financial institution that contains securities, cash, and other investments owned by the account holder.

Net Income

The profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.