Which of the Following Is True for the Palmer Drought

question 25

Multiple Choice

Which of the following is true for the Palmer Drought Severity Index?

• A) It uses temperature and precipitation to calculate moisture conditions relative to long-term averages.
• B) Negative values reflect drought conditions.
• C) Values near zero reflect average rainfall conditions.
• D) It demonstrates both temporal and spatial climatic variation.
• E) All of the choices are correct.

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Definitions:

Asset Write-downs

Reductions in the book value of assets when their fair market value falls below the carrying value on the balance sheet.

Revenues and Gains

Measures of income for a business, where revenues come from primary operations and gains from secondary activities or the sale of assets.

Peripheral Activities

Secondary or non-core operations of a company that are not essential to its primary business functions.

GAAP

Generally Accepted Accounting Principles, a set of accounting standards and procedures used in the United States to ensure financial statements are consistent and comparable.