​A Major Change in Evolutionary Patterns Over Long Periods of Time

question 27

Multiple Choice

​A major change in evolutionary patterns over long periods of time is best described as ____.

• A) ​macroevolution
• B) ​microevolution
• C) ​allopatric speciation
• D) ​directional selection
• E) ​sympatric speciation

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Definitions:

Absorption Costing Income Statement

An income statement format that includes all manufacturing costs (both fixed and variable) in the calculation of the cost of goods sold.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including material and labor expenses.

Contribution Margin

The difference between the sales revenue of a product and the variable costs associated with producing it, used to cover fixed costs and contribute to profit.

Variable Costing

An accounting method that only includes variable production costs—costs that change with production volume—in the cost of goods sold.