How Many Weather- Related Disasters with Costs in Excess of $1

question 28

Multiple Choice

How many weather- related disasters with costs in excess of $1 billion occurred in the United States between 2000 and 2013?

• A) 34
• B) 12
• C) 84
• D) 5

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Definitions:

Unit Variable Cost

The cost of producing one unit of a product or service which varies with the level of production or sales.

Monthly Sales

The total value or volume of sales transactions that a business completes within a single month, often used to assess performance trends.

Net Operating Income

A company's income after operating expenses have been deducted but before deducting interest expenses and taxes.

Contribution Margin Ratio

The percentage of each sales dollar remaining after variable costs have been deducted, indicating how much of sales revenue is available to cover fixed costs and generate profit.