Economists Are

question 65

Multiple Choice

Economists are:

• A) concerned with developing theories and interested in solving problems.
• B) interested in solving problems but not concerned with developing theories.
• C) reluctant to predict changes in variables such as prices, employment, and spending.
• D) always in agreement on the best way to implement policy decisions.

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Definitions:

Proportional Usage

The allocation of costs, resources, or time in direct relation to the amount of goods or services produced or consumed.

Direct Method

An accounting practice in cash flow statement preparation where actual cash flows from operating activities are listed, as opposed to the indirect method.

Support Departments

Parts of an organization that do not directly produce goods or services but provide support or services to the departments that do.

Janitorial Department Costs

Expenses relating to the maintenance and cleaning of a building or facility, typically managed by a janitorial department.