Which Statement About Military Spending and the Economy Is not

question 43

Multiple Choice

Which statement about military spending and the economy is not true?

• A) The proportion of economic resources spent on the military has decreased since the 1980s
• B) Many states and communities see military bases as having economic benefits.
• C) Military spending creates jobs for communities
• D) Policy makers view military spending only as an issue of national security.

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Definitions:

Cost of Goods Sold

Cost of Goods Sold (COGS) is an accounting term representing the direct expenses related to the production of items sold by a company, including materials and labor.

Current Assets

Assets that are expected to be converted into cash, sold or consumed within one year or within the business's operating cycle, whichever is longer.

Fixed Asset Turnover Ratio

A financial metric that measures a company's ability to generate net sales from its fixed assets, such as plant, property, and equipment, indicating efficiency in using these assets to generate revenue.

Marketing Efforts

Initiatives undertaken by a company to promote and sell its products or services to its target market.