Question #3 Multiple Choice
The company known for its widespread use of surveys beginning in 1922 is

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

The correct answer is  "b)  net income overstated, assets unaffected, liabilities understated, and owner's equity overstated."

If a huge trend is in place and a company does not take part in it or speak about it they might be criticized for their lack of corporate  social responsibility.  hope this you!