The Part of the World with the Largest Portion of People

question 2

Multiple Choice

The part of the world with the largest portion of people over 65 years is also the part of the world with the fewest number of people under age 15 years. Which of the following is most likely to be a possible result of this disparity?

• A) A conscious effort to slow down rapid urbanization and industrialization.
• B) A larger focus on automation and technology in industries.
• C) A heavy tax burden on future workers.
• D) An increased focus on lower birth rates through incentives.
• E) An increase in migration to other nations.

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Definitions:

Allocation Basis

A method or principle used to distribute costs or revenues among various accounts or periods.

Weighted-Average Method

An inventory costing method that assigns a cost to inventory on the basis of the average cost of all similar items in inventory, weighted by the quantity of each item.

Direct Materials Cost

The cost of raw materials and components that go directly into the production of a product.

Work In Process Inventory

The value of all the materials, labor, and overhead costs for products that are partially completed by a company.