If the Human Population Keeps Growing Rapidly,there Could Be a Rapid

question 45

Multiple Choice

If the human population keeps growing rapidly,there could be a rapid shift from there being enough food to large scale food shortages and starvation.The point at which this change occurs is a(n)

• A)type of dynamic equilibrium condition.
• B)type of metastable equilibrium.
• C)threshold.
• D)input.

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Definitions:

Accrual-Basis Accounting

Accounting basis in which companies record transactions that change a company's financial statements in the periods in which the events occur.

Cash-Basis Accounting

Accounting basis in which companies record revenue when they receive cash and an expense when they pay out cash.

Revenue Recognition Principle

An accounting principle stating that revenue should be recorded when it is earned and realizable, regardless of when the cash is received.

Expense Recognition Principle

An accounting principle that states expenses should be recognized and recorded when they are incurred, regardless of the timing of cash payments.