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Rice Is the Primary Nutrient Source for About One-Third of Humanity-Approximately

question 15

Multiple Choice

Rice is the primary nutrient source for about one-third of humanity-approximately 2 billion people worldwide. One major disease of this crop, called rice blight, is caused by a bacterium Xanthomonas oryzae . This disease causes the rice plant to turn yellow and wilt and can affect up to 50 percent of the crop. Wild forms of rice have a natural resistance to the Xanthomonas bacterium, but these wild forms are not usable as crop plants. Scientists have developed a blight-resistant strain, using genetic engineering. Strains of blight-resistant rice have been grown successfully in several countries. Five sample bags of rice seed arrive at a lab that includes both GMO blight-resistant rice and rice that does not have the disease-resistant gene. Assuming the scientist has a known sample of the blight-resistant rice, how might she determine bags contain additional samples of this rice strain?

Recognize the characteristics and implications of being risk-averse.

Appreciate the importance and techniques of fundamental analysis in stock selection.

Understand the concept of a stock's value based on dividends and expected sale price.

Acknowledge the limitations of diversification in reducing certain types of financial risk.

Definitions:

Materiality

The notion of materiality guides the margin of error acceptable, the degree of precision required, and the extent of the disclosure required when preparing general purpose financial statements.

Disclosure Provisions

Legal requirements or policies that necessitate the revelation of certain information to stakeholders or the public, ensuring transparency.

Accounting Standards

Rules and guidelines set by governing bodies that dictate how financial statements should be prepared and presented.

Direct Method

A cash flow statement preparation approach that involves reporting major classes of gross cash receipts and payments.