The "Virtual Water" Strategy Has Limitations, Including That ________

question 69

Multiple Choice

The "virtual water" strategy has limitations, including that ________.

• A) a nation may be reluctant to become dependent on other countries for food needs
• B) poor nations may not have the foreign currency to purchase food products requiring significant water inputs
• C) local farmers may lose their livelihoods if type of crops grown shifts
• D) All of the above

---

Definitions:

Cost of Goods Sold

The total direct costs incurred in producing goods which are sold, including materials and labor.

Current Asset

An asset that is expected to be converted into cash, sold, or consumed within one year or the operating cycle, whichever is longer.

Long-Term Liabilities

Long-Term Liabilities are financial obligations of a business that are due more than one year in the future, such as bonds payable or long-term loans.

Cost of Goods Sold

Cost of goods sold represents the direct costs attributable to the production of the goods sold by a company, including material and labor costs.