There Were 11 Earthquakes M>6

question 108

Multiple Choice

There were 11 earthquakes M>6.9 on the San Andreas Fault between 1812 and 1994.On average, how many years pass between earthquakes of this size, somewhere along the fault?

• A)16.5 years
• B)1.65 years
• C)165 years
• D)1650 years

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Definitions:

Flexible Budget Performance Report

compares actual results to budgeted amounts adjusted for the actual level of output, aiding in the evaluation of financial performance.

Cost Driver

A factor, such as machine-hours, beds occupied, computer time, or flight-hours, that causes overhead costs.

Activity Variances

Differences between planned activities (budgeted) and actual activities in management accounting, used for monitoring performance and guiding decisions.

Flexible Budget

A budget that adjusts or flexes with changes in the volume or activity level, allowing for better budgetary control under different operational circumstances.