By 2025, Many Estimates Claim That the World's Population Will

question 24

Multiple Choice

By 2025, many estimates claim that the world's population will exceed

• A) 5 billion people.
• B) 8 billion people.
• C) 9 billion people.
• D) 12 billion people.

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Definitions:

Estimated

A calculated approximation or judgement made without complete information, often used in planning or forecasting.

Temporary Account

A temporary account is used to track transactions during an accounting period, which is then transferred to a permanent account at the period's end, such as revenue and expense accounts.

Bad Debts Expense

Represents the amount of receivables a company does not expect to collect and is recorded as an expense.

Merchandise Inventory

The goods a company holds for the purpose of sale to customers in the normal course of business.