A Quick Way to Approximate a Population's Doubling Time Is

question 10

Multiple Choice

A quick way to approximate a population's doubling time is to divide 70 by the growth rate expressed as a percent. Assume the world's growth rate is 1.3. What is its doubling time?

• A) 46 years
• B) 74 years
• C) 54 years
• D) 62 years.

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Definitions:

Variable Costs

Variable costs are expenses that change in proportion to the activity of a business, such as sales volumes.

Controllable Fixed Costs

Expenses that do not change with production level but can be altered or managed by decisions at the management level.

Average Operating Assets

The average value of the assets that are used in the day-to-day operations of a business, calculated over a specific period.

Operating Assets

Operating assets are long-term assets used in the operations of a business to generate revenue.