If a Flood Has a Return Period of Ten Years,it

question 27

Multiple Choice

If a flood has a return period of ten years,it means ______________________.

• A) that a similar-sized flood will occur once every ten years
• B) that a similar-sized flood has a greater probability of occurring every tenth year than during any one of the intervening years
• C) that in any given year a similar flood has a 10% chance of occurring
• D) that the flood must be bigger than any other flood during any given 10-year interval

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Definitions:

Accounts Payable

The amount of money that a company owes to its creditors or suppliers for goods and services received but not yet paid for.

Net Income

The total earnings of a company after deducting all expenses, taxes, and losses.

Cash Ratio

A liquidity metric that measures a company’s ability to cover its short-term liabilities with its cash and cash equivalents.

Current Ratio

A measure of a business's capability to settle short-term debts, calculated as the ratio of current assets to current liabilities.