The Temporary or Permanent Removal of Large Expanses of Forest

question 15

Multiple Choice

The temporary or permanent removal of large expanses of forest for agriculture,or other uses,is called ____.

• A) reforestation
• B) deforestation
• C) selective cutting
• D) strip cutting
• E) sustainable harvesting

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Definitions:

Expense Recognition

The accounting principle that expenses should be recognized in the period in which they contribute to revenue, following the matching principle.

Amortization

The gradual reduction of a debt over a period of time through regular payments of principal and interest.

Sales Commissions

Fees paid to salespersons for generating sales, typically calculated as a percentage of the sale amount.

Depreciation Measures

The methods or calculations used to determine the amount by which an asset's value decreases over time, such as straight-line or declining balance methods.