Water Shortages Caused by Droughts Can Be Lessened By

question 89

Multiple Choice

Water shortages caused by droughts can be lessened by:

• A) allowing price to equate the demand and supply
• B) restricting water usage of consumers
• C) arresting anyone who wastes water
• D) imposing tight price controls on water

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Definitions:

Net Income

The net income of a company, calculated by deducting all costs, taxes, and expenses from its total revenue.

Accounting Break-even

The point at which a company's total sales equal its expenses, thus resulting in neither profit nor loss, based strictly on accounting figures not considering cash flow.

Variable Cost

Costs that change in proportion to the activity of a business.

Fixed Costs

Fixed expenses unaffected by the volume of production or sales, like rent, insurance, and wages.