Information About DeLorean Corporation Is as Follows: What Is

question 145

Multiple Choice

Information about DeLorean Corporation is as follows: What is the price-recovery component?

• A) ($962.50)
• B) $962.50
• C) $40,012.50
• D) $47,050.00

---

Definitions:

Budget Resolution

A congressional agreement about total outlays, spending by major category, and expected revenues; it guides spending and revenue decisions by the many congressional committees and subcommittees.

Congressional Agreement

A consensus reached among members of the United States Congress on a legislative matter.

Outlays

Expenses incurred or amount spent for a particular purpose.

Federal Government Budget Surplus

Occurs when a government's income exceeds its spending during a fiscal year.