Which of the Following Statements Is True of the Base

question 44

Multiple Choice

Which of the following statements is true of the base of the pyramid?

• A) It consists of a billion people making $2,000 to $20,000 a year.
• B) It comprises people who live in the developed economies.
• C) It refers to the people who live in North America and Western Europe.
• D) It is ignored by most of the multinational enterprises.

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Definitions:

Joint Venture Liabilities

The financial obligations that are incurred jointly by partners in a venture, which must be settled together.

Line-by-Line Method

A consolidation technique where the parent company combines its subsidiary's assets, liabilities, income, and expenses line by line into its own financial statements.

One-Line Method

An accounting technique used for combining the financial statement of a parent company and its subsidiary by reporting the investment in a single line.