All Firms Have to Incur Costs Because of

question 237

Multiple Choice

All firms have to incur costs because of

• A)the resources they use.
• B)buyers they sell to.
• C)the profits they earn.
• D)revenues they receive.

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Definitions:

Fault Scarp

A steep slope or cliff formed directly by movement along a fault line, indicative of tectonic activity.

Earthquake

The shaking of the surface of the Earth resulting from a sudden release of energy in the Earth's lithosphere that creates seismic waves.

Volcanic Explosions

Violent eruptions from a volcano, releasing magma, gas, and debris with great force and often with little warning.

Seismic Waves

Waves of energy that travel through the Earth's crust, caused by earthquakes, volcanic eruptions, or other seismic events.