A Genetically Programmed Bit of Behavior That Occurs When Circumstances

question 31

Multiple Choice

A genetically programmed bit of behavior that occurs when circumstances are appropriate and that requires no learning of the behavior is called:

• A) reproductive value
• B) instinct
• C) ethological action pattern
• D) natural selection

---

Definitions:

Tax Shield

The reduction in income taxes that results from taking allowable deductions from taxable income, such as interest on debt.

Fully Taxable Recapture

The process whereby the IRS fully taxes the depreciation or deductions previously taken on an asset, typically when the asset is sold for a gain.

Bargain Price

A price that is significantly lower than the perceived value of an item or investment.

Balance Sheet

A financial statement that showcases the assets, liabilities, and shareholders' equity of a company at a specific point in time.