What Industry Accounts for One-Quarter of Alberta's GDP

question 17

Multiple Choice

What industry accounts for one-quarter of Alberta's GDP?

• A) Petrochemical
• B) Textiles
• C) Lumber and wood
• D) Information technology
• E) Automobile

---

Definitions:

Readily Marketable

Items or securities that are readily marketable can be quickly sold in the market without significantly affecting their price.

Operating Cycle

The duration of time it takes for a company to purchase inventory, sell products, and receive cash from sales, representing the full cycle of a business's operations.

Short-Term Investments

Investments typically expected to be converted into cash within one year, such as stocks or bonds.

GAAP

GAAP stands for Generally Accepted Accounting Principles, which are a collection of commonly-followed accounting rules and standards used in the United States for financial reporting.