Refer to the Graph

question 7

Multiple Choice

Refer to the graph. "Collapsed" fish taxa are species or groups of species that have declined to less than 10 percent of the biomass they had before they were fished.These low numbers represent commercial extinction, or levels too low to produce a profit when those taxa are fished.Changes in the numbers of collapsed taxa since 1950 are shown in the graph.The trend shown indicates that

• A) fish species are currently recovering from overharvesting.
• B) the number of collapsing taxa is still tending to increase.
• C) overharvesting is not a serious problem, since only 20 percent of taxa have collapsed.
• D) improved technology, introduced about 1980, has solved the overharvesting problem.
• E) top predator fish (such as tuna) are recovering, but smaller fish (such as herring) are not.

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Definitions:

Indirect Method

A cash flow statement presentation technique where net income is adjusted for changes in balance sheet accounts to calculate operating cash flow.

Indirect Method

A technique used in cash flow statement preparation where net income is adjusted for non-cash transactions to calculate operating cash flows.

Cash Dividends

Payments made by a corporation to its shareholder members from earnings, typically in the form of cash.

Net Income

The amount of money remaining after all operating expenses, interest, taxes, and preferred stock dividends have been deducted from a company's total revenue.