In Less Developed Countries,a Large Share of the Labor Force

question 49

Multiple Choice

In less developed countries,a large share of the labor force works in which sector? In certain African nations,India,and China,more than 75% of the workers are in this sector.

• A) primary sector
• B) secondary sector
• C) tertiary sector
• D) quarternary sector
• E) quinary sector

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Definitions:

Brand Name

The distinctive title or symbol used to identify a product, service, or company, distinguishing it from competitors.

Cost Model

An accounting method used to value an asset based on its historical cost minus any accumulated depreciation and impairment losses.

Revaluation

The process of reassessing the value of assets or liabilities, leading to adjustments in their carrying amount on the balance sheet.

Consolidation Adjustment

Adjustments made to convert individual financial statements of parent and subsidiary companies into consolidated financial statements.