The Economic Problem Refers to

question 78

Multiple Choice

The economic problem refers to

• A)not having enough money.
• B)the attempt "to secure the greatest amount of pleasure with the least possible outlay".
• C)the notion that the wealth of nations depends on that country's ability to produce goods and services.
• D)the money illusion.
• E)none of the choices are true.

---

Definitions:

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Financial Management

The practice of planning, organizing, directing, and controlling the financial activities such as procurement and utilization of funds of an enterprise.

Company's Funds

The assets or money that a company possesses for the purpose of conducting its business activities.

Objectives

Guideposts by which managers define the organization's desired performance in such areas as new-product development, sales, customer service, growth, environmental and social responsibility, and employee satisfaction.