Which of the Following Statements Is False

question 24

Multiple Choice

Which of the following statements is false?

• A) Not all revenues are receipts of cash
• B) Some receipts of cash do not add to profits
• C) Not all expenses are payments of cash
• D) All payments of cash are expenses

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Definitions:

Recession

A notable decrease in economic performance affecting the entire economy, persisting for an extended period beyond several months, is usually observed in metrics such as real GDP, real income, employment, industrial production, and wholesale-retail sales.

Unemployment Insurance

A government program that provides financial assistance to eligible workers who lose their job through no fault of their own.

Animal Spirits

A term used to describe human emotions and psychological factors that drive consumer confidence and economic decision-making.

Real GDP

An inflation-adjusted measure that reflects the value of all goods and services produced by an economy in a given year, expressed in base-year prices.