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Which of These Is Not One of the Three Phases

question 58

Multiple Choice

Which of these is not one of the three phases in the development of an accounting system?


Definitions:

Council Of Economic Advisers

A group of economists who advise the President of the United States on economic policy.

Economic Report

A document or presentation that provides analysis and information on the economic performance of an economy, sector, or market.

Positive Economics

A branch of economics that focuses on describing and explaining economic phenomena as they are.

Normative Economics

A branch of economics that expresses value judgments about economic fairness or what the economy ought to be like.

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