Each of the Following Can Cause a Change in Supply

question 188

Multiple Choice

Each of the following can cause a change in supply except

• A)changes in taxes.
• B)changes in the number of suppliers.
• C)changes in tastes and preferences.
• D)changes in the cost of production.
• E)technological advances.

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Definitions:

Investing Activity

Financial transactions related to the acquisition and disposal of long-term assets and investments not included in cash equivalents.

Collection

The process of gathering or accruing items or amounts owed to a business, typically in the context of accounts receivable.

Loan Made

Money that is lent to another party in exchange for future repayment of the loan value amount, plus interest.

Indirect Method

An accounting technique used to prepare the cash flow statement, where increases in non-cash current assets are subtracted from, and increases in current liabilities are added to, net income to arrive at net cash flow from operating activities.