A Net Loss Occurs When

question 136

Multiple Choice

A net loss occurs when:

• A) not enough cash exists.
• B) total revenues exceed total expenses.
• C) total expenses exceed total revenues.
• D) total revenues and dividends exceed total expenses.

---

Definitions:

Booker T. Washington

Booker T. Washington was an influential African American educator, author, orator, and advisor to presidents of the United States in the late 19th and early 20th centuries, who advocated for African American advancement through education and entrepreneurship.

W.E.B DuBois

An American sociologist, historian, and civil rights activist who was a leading figure in the fight for African American rights and co-founder of the NAACP.

Jack Johnson

Jack Johnson was the first African American world heavyweight boxing champion, known for his groundbreaking career and challenges to racial barriers in the early 20th century.

Federal Reserve Act

A law enacted in 1913 that established the Federal Reserve System, which is the central banking system of the United States, designed to provide the country with a safer, more flexible, and more stable monetary and financial system.