In 2017, the Total Logistics Cost Represented About 7

question 12

Multiple Choice

In 2017, the total logistics cost represented about 7.7 percent of the GDP in the _____.

• A)U.S.
• B)Ireland
• C)Portugal
• D)Belgium
• E)Romania

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Definitions:

Balance Sheet

A report that details a company's financial status by listing its assets, liabilities, and owners' equity at a certain date, offering a foundation for calculating return rates and analyzing its financial framework.

Cost

The amount of money or resources expended to acquire an asset, produce a product, or carry out a service.

Valuation Allowance

A reserve set aside against deferred tax assets due to uncertainty regarding their realization in the future.

Fair Value Adjustments

Fair value adjustments are accounting practices to revise the book value of an asset or liability to its current market value.