What Group Dominated the Carboniferous Period and Is Now Burned

question 57

Multiple Choice

What group dominated the Carboniferous period and is now burned as coal?

• A) Seedless vascular plants
• B) Angiosperms
• C) Cycads
• D) Algae
• E) Conifers

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Definitions:

Absorption Costing

A method of accounting where all manufacturing costs (direct materials, direct labor, and manufacturing overhead) are included in the product cost, making the product more expensive to produce.

Gross Margin

Gross margin is the difference between revenue and the cost of goods sold divided by revenue, expressed as a percentage, indicating the efficiency of turning sales into profit.

Net Operating Income

The total profit of a company after operating expenses are subtracted from total revenue but before taxes and interest are deducted.

Common Fixed Expenses

Fixed costs that are not directly tied to the level of goods or services produced by the business, such as rent, utilities, and salaries of administrative staff.