In What Parts of the World Is the Size of the Service

question 9

Multiple Choice

In what parts of the world is the size of the service sector increasing?

• A)In developed economies
• B)In developing economies
• C)In both developed and developing economies
• D)In Australia but in few other countries
• E)In most countries but not in Australia

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Definitions:

Total Assets

The sum of all resources owned by a company that are expected to provide future economic benefits.

Capital Account

A financial statement account that shows the equity ownership of shareholders or owners in a company.

Owners' Equity

The residual interest in the assets of an entity after deducting liabilities, representing the ownership's value in the company.

Capital Balances

The amount of capital that remains in a business after deductions, representing the residual interest in the firm's assets after liabilities have been deducted.