Some Nations That Seek to Produce All of Their Own

question 42

Multiple Choice

Some nations that seek to produce all of their own needs face the problem that

• A) people don't want a wide variety of choices when buying.
• B) some industries are too small to be efficient.
• C) other countries may want to buy from them.
• D) All of the above are t.

---

Definitions:

Consolidation Adjusting Entries

Journal entries made in the process of preparing consolidated financial statements to eliminate intercompany transactions and balances.

Group Profit

is the total earnings of a conglomerate, calculated after all expenses and taxes, resulting from the operations of all its subsidiaries.

Retained Earnings

The portion of net earnings not paid out as dividends, but retained by the company to be reinvested in its core business or to pay debt.