The Fossil Record Is Biased Because

question 11

Multiple Choice

The fossil record is biased because

• A) most species we have fossils for lived on land or in shallow seas that became part of the continents.
• B) have very few fossils from sediments beneath the ocean even though it covers three fourths of the earth.
• C) most fossils come from the Northern Hemisphere because most geologists have lived and worked there.
• D) both most species we have fossils for lived on land or in shallow seas that became part of the continents and most fossils come from the Northern Hemisphere because most geologists have lived and worked there..
• E) most species we have fossils for lived on land or in shallow seas that became part of the continents, have very few fossils from sediments beneath the ocean even though it covers three fourths of the earth, and most fossils come from the Northern Hemisphere because most geologists have lived and worked there.

Understand the basic principles of manufacturing overhead variance analysis

Calculate fixed and variable overhead variances, including budget and volume variances

Interpret the meaning of favorable and unfavorable variances within a standard cost system

Apply the predetermined overhead rate in cost calculations

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Definitions:

Profitability

A financial metric indicating the extent to which a person or business generates more revenue than the costs incurred in producing its goods or services.

Interest Rate

The percentage of an amount of money charged for its use per period of time, often annually.

Present Value

The present-day value of a future amount of money or series of cash flows, based on a given rate of return.

Interest Rate

Lenders impose a charge, as a percentage of the principal, on borrowers for the use of their assets.