Which Statement Is Most Accurate

question 179

Multiple Choice

Which statement is most accurate?

• A)Had the stock market not crashed in 1929,there would have been no business downturn in the early 1930s.
• B)Whether or not the stock market crashed,we definitely would have had a depression anyway.
• C)Had it not been for the speedy and powerful reactions of the administration of Herbert Hoover,the depression would have been much worse.
• D)It was not until the massive arms build-up leading up to our involvement in World War II that we finally began to emerge from the Great Depression.

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Definitions:

Indirect Expenses

Costs that are not directly linked to a specific product or service, such as utilities and administrative salaries.

Cost Center

A division or a department within an organization that does not directly contribute to profit but incurs costs.

Joint Cost

The cost incurred in the process of producing two or more joint products before the point where these products are separately identifiable.

Investment Center

A segment or division within a company for which direct responsibility is given to a manager, who is judged by the profitability and the return on investment of the division.