Which of the Following Statements About the Middle Class in Emerging

question 2

Multiple Choice

Which of the following statements about the middle class in emerging economies is least accurate? 

• A)By 2020 more than half of the world's middle class is predicted to be in Asia.
• B)Estimates suggest that 70 percent of world growth over the next few years will come from already developed countries.
• C)Many countries such as China and India have become less suspicious of foreign investment and free trade, thus fostering vigorous globalization.
• D)Once known only for cheap labor, many countries with emerging economies are now seen as promising markets.

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Definitions:

Weighted Average Inventory Valuation

A method for valuing inventory by calculating the average cost of all inventory items, weighted by the quantities of each item.

Perpetual Inventory System

An accounting method that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.

Sales Revenue

The total income received by a company from its sales of goods or services, before any expenses are subtracted.

FIFO

An inventory valuation method where goods first purchased or produced are the first to be sold, standing for First-In, First-Out.