Which of the Following Are Offered as Factors Contributing to the Crash

question 12

Multiple Choice

Which of the following are offered as factors contributing to the Crash of October 1987?
I. bubble bursting
II. market volatility
III. negative economic signals
IV. activities in Congress

• A)I and II only
• B)I and III only
• C)II, III, and IV only
• D)I, II, and III only
• E)I, II, III, and IV

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Definitions:

Income Statement

A financial report that provides a summary of a company's revenues, expenses, and profits/losses over a specific period of time.

Gross Profit

The financial metric representing the difference between revenue and the cost of goods sold, before deducting overheads, salaries, taxes, and interest payments.

Net Income

The net income of a company, which is the amount remaining after deducting all costs and taxes from its total revenue.

Operating Expenses

The ongoing costs incurred in the operation of a business, excluding the cost of goods sold.