How Does Seasonality Create Fluctuations in a Firm's Net Income

question 45

Multiple Choice

How does seasonality create fluctuations in a firm's net income over a year?

• A) Cost of goods sold will rise and fall along with sales, while administrative and other costs will remain relatively steady.
• B) Cost of goods sold will rise when sales fall, and vice versa, while administrative and other costs will remain relatively steady.
• C) Cost of goods sold, along with administrative and other costs, will rise when sales fall, and vice versa.
• D) Cost of goods sold, along with administrative and other costs, will rise and fall along with sales.

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Definitions:

Ethnic Enclaves

Geographical areas with high concentrations of a particular ethnic group, which can preserve cultural distinctiveness but also lead to social isolation.

Middle-Class Status

A social class characterized by moderate economic wealth and a standard of living neither very high nor very low.

Ethnic Quotas

Policies or practices that allocate a certain number or percentage of positions or places to individuals from specific ethnic groups, often to correct historical discrimination or to ensure diversity.