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Directions: Apply the knowledge you have gained from Chapter 5 to select the best answer to the questions about the following reading passage.
"Global warming is already having a serious impact on the world around us. According to NASA, average temperatures have climbed 1.4 degrees Fahrenheit around the world since 1880, with most of the warm-up occurring in the last few decades. Arctic ice is rapidly disappearing, and the loss of habitat is endangering polar bears. Glaciers and mountain snows are rapidly melting."
What clarifying question(s) might arise from this reading passage?
Working Capital
The difference between a company's current assets and current liabilities, indicating its short-term financial health.
Cash Outflows
Money that is spent or transferred out of a business, project, or venture.
Variable Costs
Expenses that change in proportion to the activity of a business, such as costs for raw materials or production costs.
Fixed Costs
Costs that do not change with the level of production or sales, such as rent, salaries, and insurance.
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