During Which Stage of the Rostow Modernization Model Is Modern

question 92

Multiple Choice

During which stage of the Rostow Modernization model is modern technology fully adopted in all economic activity?

• A)Traditional society
• B)Take-off
• C)Drive to maturity
• D)Socialist society

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Definitions:

Average Accounts Receivable

The average amount of money owed to a company by its customers for goods or services provided on credit over a specified period.

Inventory Turnover Ratio

A measure of how quickly a company sells and replaces its stock of goods within a given period.

Cost of Goods Sold

The total cost of materials and labor directly involved in producing goods or services sold during a period.

Beginning Merchandise Inventory

The value of goods on hand at the start of an accounting period for the purpose of sale in the course of business.