Secondary Succession Occurs

question 50

Multiple Choice

Secondary succession occurs

• A) after a fire.
• B) on a new volcanic island.
• C) on bare rock.
• D) on land exposed as a glacier retreats.
• E) none of these

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Definitions:

Straight-Line Depreciation

An approach for assigning the financial outlay of a concrete asset throughout its service life in uniform annual segments.

Capital Budgeting

The process of allocating resources for significant capital, or investment, expenditures in the long term.

Discount Factor

A multiplier used in discounted cash flow (DCF) analysis to calculate the present value of future cash flows.

Profitability Index

A calculation that compares the present value of future cash flows to the initial investment, used in capital budgeting to determine the desirability of an investment.