Although the United States Has Less Than 5% of the World's

question 99

Multiple Choice

Although the United States has less than 5% of the world's population, it accounts for approximately ______________ of the world's annual consumption of fossil fuels.

• A) 15%
• B) 25%
• C) 35%
• D) 45%

---

Definitions:

Net Operating Income

Income produced by a firm's regular activities, not including taxes and interest.

Sales Increase

The rise in the quantity or volume of products sold or revenue generated over a specific period.

Variable Expenses

Costs that vary in direct proportion to changes in the level of production or sales volume, such as materials or sales commissions.

Fixed Expenses

Expenses that remain constant regardless of the amount of goods produced or sold in a brief timeframe, including lease payments, wages, and insurance premiums.