Which Statement Characterizes Developing Countries

question 43

Multiple Choice

Which statement characterizes developing countries ?

• A)they include the US, Canada, Japan, and the former Soviet Union
• B)they have high average GNPs per person
• C)they make up about one-tenth of the world's population
• D)they use about 12% of the world's resources

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Definitions:

Production Budget

A financial plan that estimates the number of units that need to be manufactured to meet sales goals and inventory requirements.

Cash Budget

An estimate of cash inflows and outflows for a business or project over a specific period of time, used for managing liquidity and ensuring financial stability.

Cash Receipts

The total amount of money received by a company during a specific period, including all sources of income.

Direct Labor-Hours

The aggregate amount of time spent by staff members directly participating in the creation process.