Which of the Following Events Would Cause the Price of Oranges

question 67

Multiple Choice

Which of the following events would cause the price of oranges to fall?

• A)There is a shortage of oranges.
• B)The FDA announces that bananas cause strokes,and oranges and bananas are substitutes.
• C)The price of land throughout Florida decreases,and Florida produces a significant proportion of the nation's oranges.
• D)All of the above are correct.

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Definitions:

Net Operating Income

A company's profit after subtracting its operating expenses, excluding taxes and interest.

Revenue And Spending Variances

The differences between actual and budgeted amounts for revenue and expenditures, which are analyzed to manage financial performance.

Flexible Budget

A budget designed to respond and adapt to changes in the level of operations or volume.

Plane Operating Costs

Expenses associated with operating an aircraft, including fuel, maintenance, crew salaries, and depreciation.