Asked by Duval Demps on Jun 24, 2024
Verified
Total losses of the Fortune 500 companies in 2008 were ____ times the losses incurred in 2006.
A) 3
B) 6
C) 10
D) 14
Fortune 500
An annual list compiled and published by Fortune magazine that ranks 500 of the largest U.S. corporations by total revenue for their respective fiscal years.
Total Losses
The complete financial loss associated with an investment, project, or business activity, where no returns are recovered.
Losses
The negative financial result from business activities when costs exceed revenues.
- Understand the implications of corporate losses and their impact on the economy.
Verified Answer
KM
Komal mehboobJun 28, 2024
Final Answer :
C
Explanation :
In 2008, the Fortune 500 companies experienced a significant increase in their total losses compared to 2006, with the losses being 10 times higher.
Learning Objectives
- Understand the implications of corporate losses and their impact on the economy.