Which of the Following Is Least Accurate

question 28

Multiple Choice

Which of the following is least accurate ?

• A) In 2007, the United States imports significantly more than it exports.
• B) Tariffs from imported goods accounted for over 90% of federal government revenue for the first 80 years of the United States.
• C) The largest trading partner of the colonial United States was England.
• D) In the late 1800s the US significantly increased its imports of raw materials to fuel its increased production of manufactured goods.
• E) During the Napoleonic War, the United States' exports decreased significantly because the war disrupted trade routes.

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Definitions:

Production Efficiency

The optimization of production processes to produce goods or services in the most cost-effective and time-efficient manner.

Information-Processing Capability

Information-Processing Capability refers to the efficiency and effectiveness with which an organization can process, store, and retrieve information to make decisions, solve problems, and adapt to new situations.

Adaptive Organisations

Organizations that are able to change and evolve in response to changes in the market, technology, or external environment.

Growth Strategies

Growth strategies involve expansion of the organisation’s current operations.