The Following Data (In Thousands of Pounds) Have Been Taken

question 52

Multiple Choice

The following data (in thousands of pounds) have been taken from the accounting records of Karmint Corporation for the just completed year:

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The net operating profit for the year (in thousands of pounds) was:

• A)£140.
• B)£170.
• C)£110.
• D)£410.

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Definitions:

Economics

The discipline that explores how people, government entities, companies, and countries decide to distribute limited resources to fulfill their endless desires.

Labor Force Participation Rate

The percentage of the working-age population that is part of the labor force, including both employed and unemployed individuals actively seeking employment.

United States

A country located in North America, consisting of 50 states, a federal district, five major self-governing territories, and various possessions.

1950s

The decade spanning from January 1, 1950, to December 31, 1959, marked by significant cultural, political, and economic events worldwide.