An Extremely Severe Recession Is Known as a

question 346

Multiple Choice

An extremely severe recession is known as a

• A) trough.
• B) peak.
• C) contraction.
• D) depression.

---

Definitions:

Expense

An outflow of cash or other valuable assets from a person or company to another entity in exchange for goods or services or as a cost for generating revenue.

Capitalize

To record a cost as an asset, rather than an expense, delaying the recognition of the expense over time through depreciation or amortization.

Trademarks

Distinctive signs or symbols used by a business to identify and differentiate its products or services from those of others.

Intangibles

Non-physical assets possessed by a business, such as patents, trademarks, and copyrights, which have value due to the rights or information they convey.