In the Past 50 Years,which of the Following Demands Has

question 50

Multiple Choice

In the past 50 years,which of the following demands has increased the most?

• A) energy
• B) grazing land
• C) forest land
• D) crop land
• E) fishing ground

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Definitions:

Fixed Costs

Expenses that do not change with the level of goods or services produced by a business over a certain period.

Net Income

The total earnings of a company after all expenses and taxes have been subtracted from total revenue.

Sales

The revenue generated from goods or services sold by a company in the ordinary course of its business.

Contribution Margin

The amount remaining from sales revenue after variable expenses are deducted; it contributes towards covering fixed costs and generating profit.