In the Reagan/Bush Eras, the Major Focus of the Business

question 44

Multiple Choice

In the Reagan/Bush eras, the major focus of the business world was on

• A)self-regulation rather than regulation by government.
• B)decreasing the number of mergers.
• C)decreasing the multinational presence in the U.S. marketplace.
• D)increasing government influence on the economic arena.
• E)improving business ethics.

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Definitions:

Net Income

The amount of revenue left over after deducting all expenses, taxes, and costs from total revenue.

Cost of Goods Sold

The direct costs attributable to the production of goods sold by a company, including materials and labor.

Contra-Asset

An account on a company's balance sheet that reduces the value of an asset, often used for accumulated depreciation.

Current Asset

Any asset that is expected to be converted into cash within one year or within the normal operating cycle of a business.