The average activity that a firm experiences in the long term (more than one year) is called:
A) Expected activity level
B) Normal activity level
C) Theoretical activity level
D) Practical activity level

Question

Quizplus · Accepted Answer

The normal activity level is the average activity that a firm experiences in the long term, and it takes into account both high and low points in activity. The other choices are not commonly used terms in accounting or finance.

The Average Activity That a Firm Experiences in the Long