When One Travels East While Passing Over the International Date

question 130

Multiple Choice

When one travels east while passing over the International Date Line,

• A) the date is decreased one day.
• B) the time is decreased one hour.
• C) the time is advanced one hour.
• D) the date is advanced one day.
• E) none of these occurs.

---

Definitions:

Variable Costs

Costs that vary directly with the level of production or volume of output, as opposed to fixed costs, which remain constant regardless of production levels.

Price

The amount of money required to purchase a good or service.

Income Statement

A financial statement that shows profits or losses at one point in time.

Profitability

The ability of a business to earn a profit, calculated as the difference between its revenue and expenses.