Many Species of Animals Are Common Resources, and Many Must

question 12

Multiple Choice

Many species of animals are common resources, and many must be protected by law to keep them from extinction. Why is the cow not one of these endangered species even though there is such a high demand for beef?

• A)Cows reproduce at a high rate and have adapted well to their environment.
• B)Public policies protect cows from predators and diseases.
• C)Cows are privately owned, whereas many endangered species are owned by no one.
• D)There is a natural ecological balance between the birth rate of cows and human consumption.

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Definitions:

Voting Shares

Shares that give the shareholder the right to vote on company matters, such as electing directors or approving acquisitions, indicating a degree of control in the company.

Retained Earnings

The portion of net income left over for the business after it has paid out dividends to its shareholders.

Carrying Amount

The book value of assets and liabilities as reported in the financial statements, factoring in depreciation, amortization, and impairment.

Voting Shares

Shares that give the shareholder the right to vote on matters of corporate policy and the selection of board members.