At the Current Rate of Population Growth, the World's Population

question 61

Multiple Choice

At the current rate of population growth, the world's population will probably reach_________ people by 2015, placing increasing demands on fixed natural resources.

• A) 70 billion
• B) 7 billion
• C) 7 million
• D) 70 million

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Definitions:

Direct Labor Costs

Expenses associated with employees who directly contribute to the production of goods or services.

Work in Process Inventory

Goods partially completed by a manufacturer but not yet ready for sale.

Administrative Expenses

Costs associated with the general management and administration of an organization, rather than production or sales.

Selling Expenses

Costs associated with the selling of a company's products or services, including advertising, sales commissions, and store maintenance.