The World's Population

question 38

Multiple Choice

The world's population

• A) seems to be stabilizing at about 6 ½ billion people.
• B) is increasing exponentially and may have dire results.
• C) may decline by mid-century if AIDS and other communicable diseases are not controlled.
• D) is concentrated mostly in Africa.
• E) is predicted to be rebalanced sometime during the 21st century by a global catastrophe.

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Definitions:

Variable Costing

An accounting method that includes only variable manufacturing costs—direct materials, direct labor, and variable manufacturing overhead—in product costs, excluding fixed overhead.

Net Operating Income

A financial metric that calculates how much profit a business generates from its regular operational activities, excluding non-operating income and expenses.

Operating Loss

A financial situation indicating a company's expenses have surpassed its revenue from operations, resulting in a negative operating income.

Absorption Costing

A costing approach that incorporates all costs related to manufacturing, including both fixed and variable costs, into the price of a product.