Which of the Following Statements Is True

question 66

Multiple Choice

Which of the following statements is true?

• A)In recent decades, the Canadian economy in general has shifted towards an emphasis on providing services rather than goods.This trend has reduced the importance of managerial accounting.
• B)In recent decades, the Canadian economy in general has shifted towards an emphasis on providing goods rather than services.This trend has reduced the importance of managerial accounting.
• C)In recent decades, the Canadian economy in general has shifted towards an emphasis on providing services rather than goods.This trend has NOT reduced the importance of managerial accounting.
• D)In recent decades, the Canadian economy in general has shifted towards an emphasis on providing goods rather than services.This trend has NOT reduced the importance of managerial accounting.

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Definitions:

Rate of Return

The percentage gain or loss on an investment over a specified period.

Investor

An individual or entity that allocates money into a financial venture with the expectation of receiving future financial returns.

Contract Value

The total worth or financial commitment of a contract, encompassing all terms, services, or products agreed upon.

Earn

To receive money or another form of payment in exchange for services provided or through investment.