Suppose That a Consistent Principle Has Been Used to Divide

question 32

Multiple Choice

Suppose that a consistent principle has been used to divide a genus into three jointly exhaustive species.Might it be possible to divide the same genus into only two jointly exhaustive species by using a different consistent principle?

• A)Yes, because a genus may be divided many different ways.
• B)Yes, because every genus will neatly divide in half.
• C)No, because there is only one consistent way to divide each genus.
• D)No, because every consistent way of dividing a genus results in the same number of species.
• E)It would depend on whether the number of referents is divisible by six.

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Definitions:

Contribution Margin Ratio

A ratio that measures the percentage of sales revenue available to cover fixed expenses and generate profit, calculated as the contribution margin divided by sales revenue.

Annual Fixed Expenses

Expenses that do not change in total regardless of changes in the volume of activity or production levels, such as rent or salaries.

Contribution Margin

The amount remaining from sales revenue after variable expenses are deducted, showing how much contributes to covering fixed costs and earning profit.

Break-even Point

The level of production or sales at which total revenues equal total expenses, resulting in no net profit or loss.