Which of the Following Resulted Due to the Budget Reforms

question 1

Multiple Choice

Which of the following resulted due to the budget reforms undertaken by the weaker economies to receive assistance?

• A)Unemployment rose dramatically in the weaker economies.
• B)Taxes decreased dramatically in the weaker economies.
• C)Economic activity increased in the weaker economies.
• D)Inflation rates decreased in the weaker economies.

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Definitions:

Accounting Information System

A system designed to collect, store, manage, process, retrieve, and report financial data for decision making.

Flexibility Principle

In accounting, it refers to the principle that financial reporting and its practices should be flexible enough to adapt to changes in the business environment or in accounting standards.