Table 16-1 the Following Table Shows the Percentage of Output Supplied by Supplied

question 476

Multiple Choice

Table 16-1
The following table shows the percentage of output supplied by the top eight firms in four different industries.

-Refer to Table 16-1.Which industry has the highest concentration ratio?

• A) Industry W
• B) Industry X
• C) Industry Y
• D) Industry Z

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Definitions:

Deferred Credit

A liability recognized when an entity receives something of value but does not recognize the revenue until a later accounting period.

Materials Requisition

A document used to request the transfer of materials from storage to production, specifying types and quantities of materials required.

Purchase Order

A document issued by a buyer to a seller indicating types, quantities, and agreed prices for products or services.

Receiving Report

A document that records the details of items received in a shipment, used to verify deliveries and manage inventory.