All of the Following Are Characteristics of Seas Except

question 72

Multiple Choice

All of the following are characteristics of seas except:

• A)seas are smaller and shallower.
• B)seas are usually somewhat enclosed by land.
• C)seas are composed of salt water.
• D)seas are directly connected to the world ocean.
• E)all of the above are correct.

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Definitions:

Fixed Cost

Costs that do not change with the level of production or business activity, such as rent, salaries, and insurance.

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return.

Interest Rate

The amount charged by a lender to a borrower for the use of assets, expressed as a percentage of the principal.

Break-Even Point

The point at which total costs and total revenue are equal, resulting in no net loss or gain.