Consider the Following Data to Answer the Questions That Follow

question 104

Multiple Choice

Consider the following data to answer the questions that follow.

-If these are the only five countries in the world,then country B produces _______ of world GDP.

• A) 50%
• B) 25%
• C) 20%
• D) 62.5%
• E) 30%

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Definitions:

Total Quality Management

An organization-wide approach to continuously improving the quality of products, services, and processes by focusing on customer satisfaction.

Inventory

The total amount of goods or materials held by a company for the purpose of resale or production.

Produces

To create, manufacture, or bring forth goods or services.

Managerial Accounting Information

Accounting information aimed at helping managers within the organization make decisions.