(26) What does the term “Gross Domestic Product (GDP)” represent in economics?
- (a) The total value of all goods and services produced within a country’s borders in a specific time period.
- (b) The total revenue generated by a company.
- (c) The calculation of a company’s net income.
- (d) The process of acquiring another company.
(27) What is the definition of “Monopoly” in the context of business and economics?
- (a) A market structure in which a single firm dominates and controls the entire market for a particular product or service.
- (b) The practice of merging two or more companies.
- (c) The total revenue generated by a company.
- (d) The calculation of a company’s net worth.
(28) What does the term “Liquidity” mean in the context of finance and investments?
- (a) The ease with which an asset can be converted into cash without significant loss of value.
- (b) The total assets owned by an individual or company.
- (c) The process of selling a company’s assets.
- (d) The calculation of a company’s net income.
(29) What is the definition of “Amortization” in accounting?
- (a) The process of spreading the cost of an intangible asset over its useful life for financial reporting purposes.
- (b) The total revenue generated by a company.
- (c) The amount of money held in a company’s bank account.
- (d) The process of selling inventory at a profit.
(30) What does the term “Bear Market” refer to in the world of finance?
- (a) A market condition characterized by a prolonged period of declining stock prices, investor pessimism, and economic downturns.
- (b) The total value of a company’s assets.
- (c) The process of merging two or more companies.
- (d) The calculation of a company’s net income.
