When a firm uses profits to purchase new capital equipment, it is engaging in
A) tax evasion.
B) balance sheet accounting.
C) reinvestment.
D) the most risky way the firm can obtain investment funds.
C
Economics
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In the traditional Keynesian model, an income tax cut raises real GDP because
A) consumption spending depends positively on after-tax income. B) of the crowding-out effects of taxes. C) consumption spending depends negatively on after-tax income. D) consumption spending is not related to after-tax income.
Economics
Affirmative action programs serve three purposes. Which of the following is not one of those purposes?
A) Address current issues of discrimination. B) Enhance diversity in places where it is of particular value. C) Redress past wrongs. D) Guarantee employment regardless of qualifications.
Economics