An Example of a Secondary Effect of Drought

question 40

Multiple Choice

An example of a secondary effect of drought:

• A)wildfires
• B)high temperatures
• C)transportation delays
• D)drop in groundwater levels

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Definitions:

Estimated Cost

An approximation of the cost for goods, services, or construction projects, based on experience, forecasting, and/or information about similar transactions.

Inventory

Assets held for sale in the ordinary course of business, or in the process of production for such sale, or in the form of materials or supplies to be consumed in the production process or in the rendering of services.

March 31

The end of the financial year for many businesses and organizations, notable for accounting and tax purposes.

Inventory Turnover

A ratio indicating how many times a company's inventory is sold and replaced over a certain period, measuring efficiency in managing stock.