Which of the Following Statements Represents Factual Information

question 220

Multiple Choice

Which of the following statements represents factual information?

• A)The entrepreneur came up with a brilliant idea.
• B)Mr. Smith is successful mostly because of his education.
• C)His business is the seventh-largest company in the area.
• D)Miller Inc. will probably never increase its revenue.

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Definitions:

Population Growth

The increase in the number of individuals in a population, usually expressed as a percentage of the total population per year.

Consumption Per Person

A measure of the average amount of goods and services consumed by each person within a specific population.

World Commodity Prices

The prices at which basic products, which are traded globally, are sold and bought in the international markets.

Short Run

(1) In microeconomics, a period of time in which producers are able to change the quantities of some but not all of the resources they employ; a period in which some resources (usually plant) are fixed and some are variable. (2) In macroeconomics, a period in which nominal wages and other input prices do not change in response to a change in the price level.