Twenty Centimeters of Precipitation Fell in One Day on a Southern

question 61

Multiple Choice

Twenty centimeters of precipitation fell in one day on a southern city in the 100 years climatic records were kept in this city.This rainfall event ranked 5th among all one day precipitation events for this city.The return period for this extreme rainfall event would be

• A)4 yrs.
• B)5 yrs.
• C)20 yrs.
• D)100 yrs.

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Definitions:

Costing Method

a technique or methodology used to determine the cost associated with a production process or project.

LCM Approach

The Lower of Cost or Market method, an accounting principle requiring inventory to be recorded at either its historical cost or market value, whichever is lower, to reflect potential losses.

Market Value

An estimation of the price at which an asset or company could be bought or sold in a current market.

IFRS

International Financial Reporting Standards represent worldwide accounting norms that facilitate the creation of financial statements.