Which of the Following Statements Is Correct with Respect to the Evolutionary

question 50

Multiple Choice

Which of the following statements is correct with respect to the evolutionary relationship between chordates and invertebrates?

• A) Chordates are most closely related to arthropods.
• B) Chordates evolved from echinoderms.
• C) Chordates are more closely related to echinoderms than to arthropods.
• D) Chordates are most closely related to the tunicate-type of echinoderms.

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Definitions:

Contribution Margin

The amount remaining from sales revenue after all variable expenses have been deducted.

Traceable Fixed Expenses

Fixed costs that can be directly associated with a specific business segment or product, aiding in accurate financial analysis and decision-making.

Common Fixed Expenses

Costs that do not vary with the level of production or sales and are shared among different segments or products of a company.

Break-even

The point at which total costs and total revenues are equal, resulting in no net loss or gain.