Business Cycles Are

question 49

Multiple Choice

Business cycles are:

• A) regular and predictable.
• B) irregular but predictable.
• C) regular but unpredictable.
• D) irregular and unpredictable.

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Definitions:

Flexible Budget

An adaptable budget that shifts in response to changes in the amount of activity or volume.

Net Operating Income

A financial metric that calculates a company’s income after operating expenses are subtracted but before interest and taxes are deducted.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels of the business, allowing for more accurate financial planning.

Total Expenses

The sum of all costs and expenditures that a company incurs in a specific period, including operating and non-operating expenses.