Which of the Following Is Not Correct

question 114

Multiple Choice

Which of the following is not correct?

• A) The inflation rate is measured as the percentage change in a price index.
• B) For the last 40 or so years,U.S.inflation hasn't shown much variation from its average rate of about 2 percent.
• C) During the 19th century there were long periods of falling prices.
• D) Some economists argue that the costs of moderate inflation are not nearly as large as the general public believes.

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Definitions:

Administrative Expense

Administrative expense refers to the costs associated with the general operation of a business, such as salaries of non-production staff, rent, and utilities.

Finished Goods

Completed products that are ready for sale but have not yet been sold to customers.

Inventory

The goods and materials held by a company for the purpose of resale or production.

Sales

The total amount of revenue generated from selling goods or services over a specific period.