Which of the Following Is Incorrect Regarding Floodplains

question 40

Multiple Choice

Which of the following is incorrect regarding floodplains?

• A) They are formed by recurrent flooding in the area adjacent to the stream.
• B) Natural levees on either side of a stream are formed during times when the stream is at flood stage and overflows the bank.
• C) They are generally low-lying areas.
• D) They are characterized by rapids and low waterfalls.

Use the operating leverage to estimate the effect of sales changes on net operating income.

Understand the basic concepts and application of the high-low method in cost analysis.

Comprehend the principles of scattergraph method and the role of activity as an independent variable in cost behavior analysis.

Grasp the concept and application of least-squares regression in minimizing errors and estimating cost behavior.

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Definitions:

Effective rate

The total compounded interest rate, expressed annually, that represents the actual financial cost of a loan or investment.

Compounded quarterly

Interest is recalculated every three months based on both the initial principal and previously earned interest, leading to exponential growth of an investment or debt.

Principal amount

The principal amount refers to the initial sum of money borrowed in a loan or invested, excluding any interest or additional fees.

Compounded quarterly

Refers to the calculation and addition of interest on a principal amount four times a year.