What Is Probably the Least Expensive Approach for Avoiding Shoreline

question 60

Multiple Choice

What is probably the least expensive approach for avoiding shoreline hazards?

• A)bringing in sand to replenish what is lost to storms
• B)using private insurance money to rebuild houses destroyed by erosion and waves
• C)using federal disaster money to rebuild houses destroyed by erosion and waves
• D)forbidding the building of houses or other structures in high-risk areas
• E)building up the land level so communities, such as New Orleans, are above sea level

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Definitions:

Selling Price

The amount of money charged for a product or service, or the sum of the cost plus profit.

Variable Costs

Expenses that change in proportion to the production output or sales amount.

Target Costing

A pricing strategy in which the selling price of a product is set first, and then the target cost is determined by subtracting a desired profit margin from the selling price.

Return on Investment

A performance measure used to evaluate the efficiency or profitability of an investment, calculated as net income divided by the cost of the investment.