Which of the Following Is an Economic Example of the Emergence

question 8

Multiple Choice

Which of the following is an economic example of the emergence of BRIC(S) during the Great Transformation?

• A) China doubled its per capita income in about ten years.
• B) From 2007-2017 Brazil accomplished an annual economic growth rate of 6%.
• C) Managers in emerging economies command higher international premiums than managers in developed economies.
• D) Japan has experienced uniform,high speed growth for the past 10 years.

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Definitions:

Receivables Turnover Ratio

An accounting measure utilized to quantify a firm's effectiveness in extending credit and collecting debts on that credit.

Bad Debt Expense

The cost recognized by businesses for accounts receivable that are not expected to be collected.

Inventory Account

An account used to track the value of a company's inventory, including raw materials, work-in-progress, and finished goods.

Average Collection Period

The average amount of time it takes for a company to receive payments owed by its customers.