About Half of the World's Population,around 3 Billion People

question 11

Multiple Choice

About half of the world's population,around 3 billion people:

• A)live in countries under threat of nuclear destruction.
• B)have been victims of terrorist attacks.
• C)suffer from human rights abuses.
• D)live in environmentally dangerous areas.
• E)live on less than $2 a day.

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Definitions:

Variable Cost

consists of costs that vary with the level of output, such as materials and labor costs, different from fixed costs.

NPV

Net Present Value; a financial metric used to assess the profitability of an investment by calculating the difference between the present value of cash inflows and outflows associated with the investment.

Default Chance

The probability that a borrower will fail to meet the obligations of a loan or debt.

Monthly Interest Rate

The percentage of a sum of money charged for its use per month, often used in reference to loans or credit balances.