The Irregular and Largely Unpredictable Fluctuations in Economic Activity Are

question 71

Multiple Choice

The irregular and largely unpredictable fluctuations in economic activity are called

• A)market failure.
• B)business cycle.
• C)inflation.
• D)unemployment.

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Definitions:

Information Needs

The specific data and information required by individuals or organizations to make informed decisions.

Accounting System

A systematic process of recording, summarizing, analyzing, and reporting financial transactions of a business to provide an accurate financial picture.

E-Commerce

Refers to the buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions.

Subsidiary Ledger

A subsidiary ledger is a group of detailed accounts where their totals tie into and support summary amounts in one or more accounts in the general ledger.