Table 16-3 the Following Table Shows the Output Produced by Each of Each

question 534

Multiple Choice

Table 16-3
The following table shows the output produced by each of the top eight firms in four industries as well as the total industry output for those industries.
-Refer to Table 16-3. What is the concentration ratio for Industry D?

• A)approximately 48%
• B)approximately 54%
• C)approximately 60%
• D)approximately 66%

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Definitions:

Stock Dividend

A company rewards its shareholders with extra shares, foregoing the option to distribute cash.

Depreciation Expense

Allocating the price of a tangible asset consistently throughout its expected lifespan.

Prior Period Adjustment

An amendment to the financial statements, correcting errors from previously reported periods or adjustments due to changes in accounting policies.

Retained Earnings

The portion of a company's profit that is held back and not distributed to shareholders as dividends, usually used for reinvestment in the business or to pay off debt.