Which One of the Following Is the Best Example of a Type

question 109

Multiple Choice

Which one of the following is the best example of a Type II subsequent event?

• A)Election of new board members.
• B)Change in auditors.
• C)Inability to collect from a significant customer.
• D)Acquisition of a subsidiary.

Recognize the significance of assumptions in constructing economic models and their effects on the models' conclusions.

Identify the law of increasing opportunity cost and its graphical representation in the PPF.

Understand how different factors of production are not equally suited for producing all types of goods and the implications of this for the economy.

Understand the concept of economic growth as indicated by shifts in the production possibilities frontier.

---

Definitions:

Assertiveness

The quality of being self-assured and confident without being aggressive; a communication and behavior strategy.

Competitiveness

The quality of being determined to win or be more successful than others.

Ability

The competence or skill to do something effectively or achieve a desired result.

Aptitudes

Refers to natural talents or abilities that enable individuals to perform certain tasks effectively.