Which Sector Is Expected to Grow Most Rapidly for the United

question 34

Multiple Choice

Which sector is expected to grow most rapidly for the United States in the future?

• A) Farming since Americans are getting fatter.
• B) Services since Americans have high relative incomes.
• C) Manufacturing since Americans demand more and more luxury items.
• D) Mining since Americans use a lot of natural resources.

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Definitions:

FOB Shipping Point

This term refers to a delivery method where the buyer assumes ownership and responsibility for goods the moment they leave the seller's premises.

Ending Inventory

The total value of all inventory a company has in stock at the end of a financial period.

Physical Count

The process of manually counting and verifying the quantities of inventory on hand at a specific point in time.

FOB Destination

A shipping term where the seller bears the freight charges and maintains ownership until the goods are delivered to the buyer's location.