Which of the Following Reasons Contributed to the Great Depression

question 87

Multiple Choice

Which of the following reasons contributed to the Great Depression of the 1930s?

• A)Inability to meet the increasing world demand for products
• B)Several countries accepting General Agreement on Tariffs and Trade
• C)Increasing attack from foreign competitors on domestic industries
• D)Privatization of state-owned organizations
• E)Countries progressively raising trade barriers against each other

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Definitions:

Double Declining-Balance Depreciation

An accelerated depreciation method that double the rate of straight-line depreciation, decreasing the value of assets more quickly.

Accumulated Depreciation Balance

The total amount of depreciation that has been recorded against a fixed asset up to a specific point in time, reflecting the decline in the asset's value.

December 31

December 31 is traditionally the final day of the Gregorian calendar year, and it is often the fiscal year-end for organizations operating on a calendar year basis.

Straight-Line Depreciation

A method of allocating the cost of a tangible asset over its useful life in an equal and consistent manner.