The Service Industry in Canada Has Been Growing

question 53

Multiple Choice

The service industry in Canada has been growing.According to Statistics Canada,what percent of jobs are in services?

• A)More than 29%
• B)More than 48%
• C)More than 58%
• D)More than 79%
• E)More than 84%

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Definitions:

Cash Collected

The total amount of money received by a company during a specific period, usually from its operations or activities.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, culminating in the net profit or loss for that period.

Accounts Payable

The amounts owed by a company to suppliers or creditors for goods and services received but not yet paid for.

Inventories

Inventories consist of raw materials, work-in-progress, and finished goods held by a company during the production and sales process, awaiting sale.