Which of the Following Statements Is True

question 93

Multiple Choice

Which of the following statements is true?

• A)By the beginning of the 1800s, 13.6% of the world's population lived in places of 5,000 or more.
• B)In 1900 the proportion of the world's population living in cities of 100,000 or more was approximately 25.5 percent.
• C)By 1900, the world was 60 percent urban.
• D)World-wide, the number of urban dwellers surpassed rural dwellers for the first time in 1900.

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Definitions:

Raw Materials Inventory

The value of all the materials that are yet to be used in manufacturing.

Required Production

The quantity of products that a company must manufacture in a specific period to meet customer demand and inventory policies.

Budgeted Production

The planned quantity of products a company intends to produce in a certain period, based on demand forecasts and capacity planning.

Raw Materials Inventory

The total cost of all components or materials a company has in stock that are intended for use in production to create finished goods.