Which of the Following Is True of a 100-Year Flood

question 34

Multiple Choice

Which of the following is true of a 100-year flood?

• A)A 100-year flood occurs every 100 years on a given stream.
• B)The probability of a 100-year flood occurring on any given year is 1:100.
• C)A 100-year flood cannot occur twice within 10 years.
• D)The probability of a 100-year flood is related to how recently the last 100-year flood occurred.

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Definitions:

Depreciation Expense

An accounting method to allocate the cost of a tangible asset over its useful life to represent wear and tear over time.

Straight-Line Method

A method of calculating depreciation that spreads the cost of an asset evenly over its useful life.

Gain or Loss

The financial result from selling assets or settling liabilities at amounts different from their carrying amount, showing either a profit (gain) or deficit (loss).

Canadian Intellectual Property Office

A government agency responsible for the administration and processing of the intellectual property system in Canada.