Which of the Following Is Correct

question 196

Multiple Choice

Which of the following is correct?

• A)U.S.exports as a percentage of GDP have about tripled since 1950.The U.S.currently has a trade deficit.
• B)U.S.exports as a percentage of GDP have about tripled since 1950.The U.S.currently has a trade surplus.
• C)U.S.exports as a percentage of GDP have about doubled since 1950.The U.S.currently has a trade deficit.
• D)U.S.exports as a percentage of GDP have about doubled since 1950.The U.S.currently has a trade surplus.

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Definitions:

Lean Manufacturing

A systematic method for waste minimization within a manufacturing system without sacrificing productivity.

Business Philosophy

The underlying principles and values that guide the operations, decisions, and overall direction of a company.

Nonmanufacturing Processes

Operations or activities that are not involved in the physical creation of goods.

Applied Factory Overhead

The allocation of estimated overhead costs to individual units of production based on a predetermined rate.