The _______ Is Made Up of the Sense Organs Such

question 60

Multiple Choice

The _______ is made up of the sense organs such as the eyes, ears, taste buds, olfactory receptors, touch receptors, and the nerves.

• A) central nervous system
• B) peripheral nervous system
• C) autonomic nervous system
• D) sensory nervous system

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Definitions:

Cost-Plus Approach

A pricing strategy where a fixed percentage or a fixed amount is added to the cost of the product to determine its selling price.

Markup

An additional amount included with the buying price of items to ensure coverage of operational expenses and earn a profit.

Total Cost Method

An inventory valuation method that determines the ending inventory and cost of goods sold by considering all costs of production as product costs.

Invested Assets

Assets that are allocated towards investments including securities, real estate, and other assets expected to produce income or profit.