For the First Time, the World's Population Reached One Billion

question 45

Multiple Choice

For the first time, the world's population reached one billion by

• A) 1900.
• B) 1800.
• C) 1700.
• D) 1600.

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Definitions:

Service Hours

The total hours of service provided by a business, often used as a basis for allocating service department costs to producing departments.

Economic Value

The value of an asset deriving from its ability to generate income or utility.

Useful Life

The estimated period over which an asset is expected to be usable for its intended purpose, affecting its depreciation or amortization schedules.

Operating Costs

The expenses associated with the day-to-day operations of a business, including costs of goods sold, salaries, and administrative expenses.