In 2008,the Total Population of the World Was Estimated to Be

question 66

Multiple Choice

In 2008,the total population of the world was estimated to be about

• A)4.6 billion people.
• B)6.7 billion people.
• C)7.2 billion people.
• D)8.2 billion people.

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Definitions:

Fixed Expenses

Expenses that remain constant regardless of the amount of output or sales, including rent, salaries, and insurance costs.

Monthly Net Operating Income

The profit a company generates from its normal business operations, excluding unusual or infrequent items, on a monthly basis.

Margin of Safety

Margin of Safety is the difference between actual or expected sales and the break-even point, expressed in terms of units, dollars, or percentage, indicating how much sales can fall before a business incurs a loss.

Contribution Margin Ratio

A financial metric that measures how much of a company's revenue is available to cover its variable costs and contribute to its fixed costs and profits.