Which of the Following Is True About the Triad

question 35

Multiple Choice

Which of the following is true about the Triad?

• A)Triad countries account for approximately one-third of world income and one-third of world population.
• B)Triad countries account for approximately 75% of world income as measured by GNP.
• C)Triad countries are those in which consumer products, industrial products, and the services sector each contribute one-third to GDP.
• D)Triad countries account for approximately 25% of world income as measured by GNP.
• E)Triad countries account for approximately 50% of world income as measured by the World Bank.

---

Definitions:

Flexible Budget

A budget that adjusts or varies with changes in volume or activity, allowing for more accurate costing and financial planning.

Dye Costs

The expenditures associated with dyes or coloring agents used in the manufacturing process of products.

Skeins

Lengths or coils of yarn or thread as they are sold or produced, often used in textiles and knitting.

Spending Variance

This is the difference between the actual amount spent on a budget item and its planned or budgeted amount.