Which of the Following Demographic Characteristic Was in Evidence as Late

question 135

Multiple Choice

Which of the following demographic characteristic was in evidence as late as the 1960s?

• A)European nations accounted for three-fourth of the world economic output.
• B)Small U.S.entrepreneurial firms dominated the international business scene.
• C)The U.S.was the third most dominant industrial power behind Germany and the U.K.
• D)Roughly half the world was governed by centrally planned economies.

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Definitions:

Quality Control

A process through which a business seeks to ensure that product quality is maintained or improved, involving the detection of errors.

Confidence Interval

A variety of values, obtained through statistical analysis of samples, posited to likely hold the value of an unknown population parameter.

Population Proportions

Measures that represent the fraction of individuals in a population that exhibit a particular characteristic or attribute.

Mass Production

The manufacturing of large quantities of standardized products, often using assembly lines or automated technology.