Each of the Following Took Place in the Latter Half

question 167

Multiple Choice

Each of the following took place in the latter half of the 1990s except

• A)a falling rate of inflation.
• B)a rising stock market.
• C)an economic boom.
• D)a rising unemployment rate.

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Definitions:

Gross Fixed Assets

The total value of a company's physical assets that are used in its operations and not expected to be consumed or converted into cash in the short term.

Current Assets

Assets that a company expects to convert into cash within one year or one business cycle, whichever is longer.

Operating Plan

A short- to intermediate-term business plan addressing a firm’s methods and goals over the period covered. Most companies have an annual operating plan.

Financial Projections

Estimates of a company's future revenues, expenses, cash flow, and financial performance, often used for budgeting and strategic planning.