Which of the Following Is Not a Characteristic of Less-Developed

question 102

Multiple Choice

Which of the following is not a characteristic of less-developed countries?

• A) High rates of illiteracy.
• B) High unemployment.
• C) Over half of the labor force in agriculture.
• D) Low savings and investment rates.
• E) Low infant mortality rates.

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Definitions:

Spending Variance

The difference between the actual amount of money spent and the budgeted amount for various categories.

Press Runs

The total number of units produced in one setup or operation of a press machine.

Wages And Salaries

Compensation paid to employees for their labor, including hourly payments (wages) and fixed annual or monthly payments (salaries).

Spending Variance

The difference between the actual amount of money spent and the budgeted or expected amount, indicating over- or under-spending.