Which of the Following Statements About Urbanization and Urban Areas

question 35

Multiple Choice

Which of the following statements about urbanization and urban areas is CORRECT?

• A)Urbanization refers to the migration of city people to rural areas to enjoy country living.
• B)The term urban area describes a geographic location with at least 100,000 individuals.
• C)There are far fewer employment opportunities in urban as compared to rural areas.
• D)The population of urban areas tends to be younger and more diverse in terms of ethnicity, religion, and socioeconomic status as compared to the surrounding countryside.

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Definitions:

Net Income

The amount of earnings left after all expenses, including taxes and costs, have been subtracted from total revenue.

Fixed Overhead

Fixed overhead consists of the consistent, ongoing costs not directly tied to production levels within a business, such as rent, insurance, and salaries.

Inventory

Items held by a company for sale in the ordinary course of business or to be used in producing goods and services for sale.

Absorption Costing

A methodology for product costing that comprehensively adds up the costs of direct materials, direct labor, and both fixed and variable manufacturing overheads.