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It Was Observed That Some Birds in England Were Learning

question 86

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It was observed that some birds in England were learning to puncture the tops of milk bottles to get the cream. One explanation was that the birds' attention was being drawn to the milk bottles by other birds that had discovered this "trick." Which phenomenon does this explanation demonstrate?


Definitions:

Operating Capacity

The maximum output a company can produce under normal working conditions.

Earnings Retention Ratio

The proportion of net income that a company retains to reinvest in its business rather than distributing it to shareholders as dividends.

Marble

A metamorphic rock composed mainly of recrystallized carbonate minerals, commonly used in sculpture and as a building material.

External Financing Need

The requirement for funds that a company must fulfill through external sources, like equity or debt, to finance its operations beyond what it can fund through its internal cash flow.

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