Forest-Dwelling Chimpanzees Use a Light, Flexible Stick for Fishing for Termites

question 34

Multiple Choice

Forest-dwelling chimpanzees use a light, flexible stick for fishing for termites. This illustrates their naturally developed use of

• A) algorithms.
• B) tools.
• C) heuristics.
• D) outcome simulations.

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Definitions:

Sales Price

The amount of money charged for a product or service, or the sum that customers are willing to pay for it.

Straight-line Method

A depreciation technique that allocates an equal amount of depreciation expense each year over the useful life of an asset.

Estimated Salvage Value

The expected value that an asset will realize upon its sale at the end of its useful life, used in computing depreciation.

Depreciable Cost

The total cost of an asset that is subject to depreciation, which includes the purchase price minus any salvage value.