The American Economy Consists of a Complex Combination of Organizations

question 103

Multiple Choice

The American economy consists of a complex combination of organizations and variables, such as countless companies differing in size and what they sell, current events, and markets (for example, the housing market and the stock market) . According to ________, all of these independent factors interact with one another according to certain simple rules.

• A) complexity theory
• B) a closed market system
• C) a webbed system
• D) contingency theory
• E) behavioral theory

---

Definitions:

Interest Receivable

An asset account on the balance sheet representing interest income that has been earned but not yet collected in cash.

Strategic Goals

Long-term, broadly defined targets an organization sets to achieve its vision and mission.

Available-for-Sale Securities

Debt or equity securities not classified as held-to-maturity or trading securities, recorded at fair value.

Interest Receivable

A term in accounting referring to interest revenue that is accumulated but has not yet been paid in cash.