Which of the Following Is the Most Accurate Statement

question 40

Multiple Choice

Which of the following is the most accurate statement?

• A)Protection is necessary in order for young industries to grow up and be successful.
• B)Protection is not necessary for an industry to grow.
• C)Protection is necessary because if young industries are not protected,they may suffer losses.
• D)Protection may not always be necessary for infant industries,but it has proven to be useful in most cases.

---

Definitions:

Sales On Account

Transactions where goods are sold or services are provided with payment to be received at a later date.

Cost Of Goods Sold

The total cost of manufacturing or purchasing the products that were sold during a specific period.

Total Asset Turnover

A financial ratio that measures a company's ability to generate sales from its assets by comparing sales or revenues to its total assets.

Common Stock

A type of equity security that represents ownership in a corporation, providing voting rights and potential dividends to shareholders.