The Rule of 70 Can Be Stated as Follows: a Variable

question 212

Multiple Choice

The rule of 70 can be stated as follows: A variable with a growth rate of X percent per year

• A) doubles every 70/X years.
• B) doubles every 701 - 1/X) years.
• C) doubles every 70/X2 years.
• D) doubles every 70/1 - X) years.

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Definitions:

Technology

Utilizing scientific understanding for real-world applications, primarily in the industrial sector.

Industry Wide Markets

Pertains to markets that encompass products, services, and consumers across an entire industry, rather than being limited to specific segments.

Focused

Having clear concentration and attention on a specific task, goal, or activity, leading to increased efficiency and productivity.

Division Of Labor

The breaking down of work into a number of separate tasks to be performed by different workers, increasing efficiency and productivity.