The Area of Ocean Needed to Sustain the Consumption of Fish

question 98

Multiple Choice

The area of ocean needed to sustain the consumption of fish for an average person,nation,or the world is called a(n) ____.​

• A) ​footprint
• B) ​ecological footprint
• C) ​biodiversity print
• D) ​fishprint
• E) ​foodprint

---

Definitions:

Absorption Costing

This total costing technique allocates all production costs to products, comprising direct labor, materials, and fixed and variable overheads, to accurately reflect production expenses.

Finished Goods Inventory

The stock of completed products not yet sold, valued at either the cost of production or the market price, and recorded as an asset on the balance sheet.

Selling Expenses

Costs incurred directly from the sale of a product or service, not including the cost of goods sold but may include advertising, sales commissions, and store supplies.

Absorption Costing

A pricing approach that encompasses all production expenses, such as direct materials, direct labor, along with both variable and fixed overhead, in a product's cost.