The Following Is True of LDCs: __________

question 17

Multiple Choice

The following is true of LDCs: __________.

• A)today there are no cities in LDCs with populations over 5 million
• B)the number of persons in urban shanty towns doubles every 5 to 7 years
• C)population growth in LDCs is 40 percent of the world's population increase
• D)the United Nations projects that there will be 75 cities of over 1 million by the year 2020

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Definitions:

Rolls Forward

A process in accounting or financial planning where data or balances are brought forward from a previous period to the current one.

Manufacturing Overhead Budget

A detailed plan showing the production costs, other than direct materials and direct labor, that will be incurred over a specified time period.

Non-cash Charges

Expenses reported on the income statement that do not involve a direct cash outflow, such as depreciation or amortization.

Direct Materials Budget

A financial plan that estimates the cost of raw materials required for production.