Choose the One Most Appropriate Answer for Each

question 36

Multiple Choice

Choose the one most appropriate answer for each.
-Homo erectus

• A)shorter than modern humans, but stood upright; stocky body adapted to colder climates
• B)arose in Africa about 2 million years ago; had a significantly larger brain than earlier hominins and a gait similar to modern humans
• C)modern humans since 195,000 years ago
• D)Lucy; lived about 3.2 million years ago

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Definitions:

Mergers

The combination of two or more companies into one, with the goal of achieving synergies such as cost reductions and increased market share.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output decreasing with increasing scale.

Business Combination

A transaction or event where two or more companies merge or one company acquires another to consolidate business operations.

Economies of Scale

Cost advantages reaped by companies when production becomes efficient, as the cost per unit of output decreases with increasing scale.