Currently, Manufacturing Accounts for Only Around 70% of U

question 34

True/False

Currently, manufacturing accounts for only around 70% of U.S. GDP.

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Definitions:

Liquidity

The ease with which assets can be converted into cash without significantly affecting their price.

Accounts Payable

Liabilities of a business representing money owed to creditors for purchases of goods and services made on credit, expected to be paid off within a year.

Cash Sales Policy

A company's practice of selling products or services for cash, rather than extending credit to customers.