In 2012, About ________ Percent of the U

question 64

Multiple Choice

In 2012, about ________ percent of the U.S. GDP was exported.

• A) 5
• B) 12
• C) 18
• D) 21
• E) 40

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Definitions:

Machine-Hours

The total time, calculated in hours, that machinery is operational and working on production tasks during a given period.

Molding

The process of shaping a raw material using a rigid frame or model known as a mold.

Assembly

The process of putting together individual components or pieces to form a finished product.

Predetermined Overhead Rate

An estimated rate used to apply manufacturing overhead cost to jobs or products, based on a planned activity level and expected overhead costs.