Which Statement Is True About the Recession of 1990-91

question 175

Multiple Choice

Which statement is true about the recession of 1990-91?

• A)It was the worst recession we have had since World War II.
• B)It was the mildest recession we have had since World War II.
• C)Our recovery from it was one of the strongest since World War II.
• D)Our recovery from it was one of the weakest since World War II.

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Definitions:

Direct Non-Controlling Interest

A proportional interest in a subsidiary not held by the parent company, representing a share in the equity and profits of the subsidiary.

Retained Earnings

The portion of net income not distributed as dividends but retained by the company to be reinvested in its core business or to pay debt.

Limited

Describes a form of company structure that legally protects its shareholders' liability to the amount of capital they invested.