Each of the Following Groups of Things Has Been Divided

question 24

Short Answer

Each of the following groups of things has been divided according to a single basis of classification. However, one item in each group does not belong; it does not fit that single basis of classification. Read each group of items carefully; then select the letter of the one item that does not belong. Next, select the single basis of classification that includes the rest of the group.
Part A: Apartments
a. two-bedroom
b. three-bedroom
c. penthouse
d. studio apartment
Part B: Basis of classification:
a. location in the building
b. number of bedrooms
c. cost of rent

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Definitions:

Rate of Return

The profit or deficit incurred on an investment during a designated time, shown as a fraction of the initial investment amount.

Net Income

The profit of a company after all expenses and taxes have been deducted from revenue.

Accounting Break-even

The point at which total revenues exactly equal total explicit costs, leading to neither a profit nor a loss.