Statement I

question 60

Multiple Choice

Statement I.When disposable income is zero,autonomous consumption equals total consumption.
Statement II.When consumption equals disposable income,saving is zero.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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Definitions:

Monitoring Policies

The procedures implemented to continuously review and ensure that practices and activities within an organization comply with laws, regulations, and internal standards.

Cost-Benefit Considerations

The process of comparing the costs and benefits of a decision, project, or investment to assess its feasibility or profitability.

Internal Control

Procedures and processes implemented by a business to safeguard assets, ensure accurate and reliable financial reporting, and promote compliance with laws and regulations.

Sarbanes-Oxley

A U.S. law enacted to protect investors by improving the accuracy and reliability of corporate disclosures.