Which of the Following Factors Have Contributed the Least to the Growth

question 97

Multiple Choice

Which of the following factors have contributed the least to the growth of services in the U.S.economy?

• A)Increased interest in travel and entertainment
• B)Increased number of women in the workforce
• C)Increased proportion of older people in the United States
• D)Increased interest of Americans in fitness and recreation
• E)Increased number of high-tech goods

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Definitions:

Gross Profit Section

The portion of an income statement that shows revenue minus the cost of goods sold, indicating the profit made from selling goods before other expenses are deducted.

Merchandising Company

A business that purchases finished goods for resale, making a profit on the merchandise sold.

Income Statement

A financial statement showing the revenue, expenses, and profits or losses of a business over a particular period.

Freight-In

Freight-In costs are the shipping charges for receiving goods from suppliers, considered part of the inventory cost and included in the cost of goods sold when the inventory is sold.