Industrial Fermentation and Fermentation in Food Production

question 45

Multiple Choice

Industrial fermentation and fermentation in food production

• A) are both processes in which sugars are oxidized to alcohols or acids.
• B) are processes in which sugar or protein is oxidized to produce alcohols or acids.
• C) use entirely different microorganisms.
• D) use entirely different starting material.
• E) make use of the same microorganisms.

---

Definitions:

Cost of Debt

The effective rate that a company pays on its current debt, including loans and bonds, which can be measured before or after taxes.

Annual Coupon

The annual interest payment made to bondholders, expressed as a percentage of the bond's face value.

Face Value

The nominal value printed on a bond or stock certificate that indicates the amount due at maturity for bonds or the value of a share of a stock.

After-Tax Cost of Debt

The net cost to a company for borrowing funds after factoring in tax deductions on interest expenses.