Elephants Can Live for Between 50 and 70 Years and a Cow

question 3

Multiple Choice

Elephants can live for between 50 and 70 years and a cow (female elephant) typically gives birth to 3 or 4 calves.What type of survivorship curve applies to them?

• A) type I
• B) type II
• C) type III
• D) none of these types
• E) more than one of these types

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Definitions:

Operating Leverage

A financial concept that measures the proportion of fixed costs to variable costs in a company's cost structure, affecting profitability with changes in sales volume.

Net Operating Income

The profit generated from a company's core business operations, excluding expenses and revenues from non-operational activities.

Contribution Format

A form of income statement that distinguishes costs by classifying them into variable and fixed sections, thereby focusing on the contribution margin.

Contribution Margin Ratio

A ratio that measures the difference between the sales and the variable costs of a product or service, as a percentage of sales.