Which of the Following Is True About Growth Rates

question 93

Multiple Choice

Which of the following is true about growth rates?

• A) in recent decades, the rich countries of the world have consistently grown more rapidly than poor countries.
• B) no less developed country (LDC) was able to achieve a more rapid growth rate than the United States during the 1980 through 2005 period.
• C) during recent decades, most LDCs have stagnated economically.
• D) during 1980 through 2005, the fastest growing countries in the world were mostly LDCs.

---

Definitions:

Activity Rates

Costs assigned to cost objects based on their use of activities, commonly used in activity-based costing.

Cost Pools

Aggregations of individual costs, often by department or service center, from which cost allocations are made.

Activity-Based Costing

An accounting method that identifies the activities in an organization and assigns the cost of each activity to all products and services according to the actual consumption by each.

Activity-Based Costing

A pricing strategy that pinpoints various tasks within a company and allocates the expense of each task across all goods and services based on their real usage.