-Based on the Data in the Accompanying Figure, Which of the Following

question 11

Multiple Choice

-Based on the data in the accompanying figure, which of the following statements are correct?
I. Area 1 has more average precipitation than Area 2.
II. Area 1 has a higher average temperature than Area 2.
III. Both areas have low variation in monthly precipitation.
IV. Area 2 has a lower annual temperature variation compared to Area 1.

• A) only I and III
• B) only II and IV
• C) only I, II, and IV
• D) only II, III, and IV
• E) only I, II, and III

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Definitions:

Fixed Costs

Expenses that do not change with the level of goods or services produced by a business, such as rent, salaries, and insurance.

Variable Costs

Expenses that change in proportion to the activity of a business, such as materials and labor costs that vary with production volume.

Operating Income

Earnings from a company's core business operations, excluding expenses and revenues that are unrelated to the primary activities.

Unit Selling Price

The cost for one unit of a product when it is sold.