​_______________ Are Two of the World's Largest Exporters of ICT

question 86

Multiple Choice

​_______________ are two of the world's largest exporters of ICT services.

• A) ​South Korea and U.S.
• B) ​China and U.S.
• C) U.S. and Japan​
• D) ​India and Ireland

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Definitions:

Profit-Volume Chart

A graphical representation that shows the relationship between a firm's profits and its volume of sales.

Cost-Volume-Profit Chart

A graphical representation that shows the relationship between a company's costs, sales volume, and profits.

Operating Leverage

The degree to which a firm or project can increase operating income by increasing revenue, a measure of how revenue growth translates into growth in operating income.

Variable Costing

A managerial accounting method that includes only variable production costs (materials, labor, and overhead) in product costs, treating fixed manufacturing overhead as an expense of the period.