The Worst Recession Since World War II Started in Which

question 166

Multiple Choice

The worst recession since World War II started in which year?

• A)1953
• B)1957
• C)1973
• D)1981
• E)2007

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Definitions:

Current Portion

Refers to the portion of long-term debt or leases that is due to be paid within the next year.

Long-Term Debt

Loans and financial obligations lasting more than one year used by businesses to finance their operations.

Accounts Receivable

Amounts receivable by a business from its clients for goods or services that have already been delivered, but payment is pending.

Inventory

The complete inventory of products and materials that a business keeps for the aim of selling or using in manufacturing.