Water Scarcity Is Defined As

question 17

Multiple Choice

Water scarcity is defined as:

• A) the natural cycle by which water evaporates from water bodies.
• B) an annual supply of renewable freshwater less than 1,000 cubic meters per person.
• C) an annual supply of renewable freshwater between 1,000 and 1,700 cubic meters per person.
• D) a layer or section of earth that contains freshwater.
• E) the water that is delivered to the distribution system after treatment.

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Definitions:

Selling Price

The amount of money for which a product or service is sold to customers.

Raw Materials

The basic materials from which products are made, typically unprocessed or minimally processed before being used in manufacturing processes.

Contribution Margin

The difference between sales revenue and variable costs, indicating how much revenue contributes to covering fixed costs.

Fixed Costs

Expenses that do not change in total regardless of the level of production or sales activity, such as rent, salaries, and insurance.