The Anticipated Consequences of a Growing Tourism Industry Associated with Climate

question 61

Multiple Choice

The anticipated consequences of a growing tourism industry associated with climate change such that the number of tourists visiting Greenland each year overwhelms the resident population of towns visited is a

• A)manifest function.
• B)latent function.
• C)manifest dysfunction.
• D)latent dysfunction.

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Definitions:

Break-even Point

The level of production or sales volume at which total revenues equal total costs, resulting in no net profit or loss.

Variable Expense

Costs that vary in relation to a company's operations.

Contribution Margin Ratio

A financial performance metric that measures the additional profit generated for each dollar of sales after variable costs are subtracted.

CVP Graph

A visual representation of the Cost-Volume-Profit analysis, illustrating the relationship between a company's costs, sales volume, and profits.