You Are a Botanist Living in the Desert

question 74

Multiple Choice

You are a botanist living in the desert. A friend asks you which plant would be most practical to plant in his or her yard. What is your answer?

• A) any plant, as long as it is well-watered
• B) only plants that do not minimize photorespiration
• C) only plants that minimize photorespiration
• D) only plants that minimize photorespiration and close the stomata during the day
• E) plants that do not minimize photorespiration or plants that do minimize photorespiration but not plants that close the stomata during the day

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Definitions:

Historical Rate

The exchange rate used to convert transactions in foreign currencies to a domestic currency, based on the rate at the time of the transaction.

Self-Contained Unit

A segment or part of a business that operates independently or contains all necessary elements to function independently.

Current Rate Method

In currency translation, the method that uses the exchange rate at the balance sheet date to convert all financial statement items from a foreign entity's functional currency to the reporting currency.

U.S.GAAP

United States Generally Accepted Accounting Principles, the standard framework of guidelines for financial accounting used in the U.S.