Which of the Following Is NOT a Consequence of General

question 78

Multiple Choice

Which of the following is NOT a consequence of general acceptance of the Law of the Sea Convention?

• A)Islands have become more significant.
• B)Many countries have a host of new neighbors.
• C)The EEZ lines result in overlapping claims.
• D)Companies have been licensed to exploit seabed resources.

---

Definitions:

Net Income

The total profit or loss of a business after all expenses, including taxes and operating costs, have been deducted from revenues.

Prepaid Expenses

Costs paid in advance for goods or services to be received in the future, treated as assets on the balance sheet.

Accounts Receivable

Sums due to a company from its clients for products or services that have been supplied or utilized but remain unpaid.

Net Income

The residual income of a company after total revenue has been diminished by all costs and taxes.