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Read the Paragraph Below and Answer the Questions That Follow

question 19

Multiple Choice

Read the paragraph below and answer the questions that follow.
(1) People who are thinking about getting a pet should carefully consider the kind of care that animal will require. (2) Pets can be classified into three categories according to how labor-intensive they are. (3) The first category includes very labor-intensive pets. (4) These animals require the most time, energy, and money because they need constant, daily care. (5) Horses kept in a barn are probably the best example, for they need to be fed, exercised, and groomed on a daily basis. (6) Dogs, which need to be fed and walked at least once a day, are another good example of a high-maintenance pet. (7) The second category contains those pets that are only moderately labor-intensive, such as a cat or a hamster. (8) They need to be fed every day, but other maintenance is done on only a weekly or monthly basis. (9) For example, a cat's litter box or a hamster's cage needs only periodic cleaning. (10) The third and final category includes very low-maintenance pets. (11) Fish are the best example. (12) They need just a little sprinkling of food every day, and their tanks need cleaning only a few times a year.
How many categories are there?

Definitions:

Project Accepted

A status indicating that a proposed plan or project has been reviewed and granted approval for implementation.

Profitability Indices

Profitability indices are financial tools used to evaluate the efficiency of an investment or to compare the efficiency of multiple projects by calculating the ratio of the present value of future cash flows to the initial investment.

Project Accepted

The status of a project that has been approved for execution after evaluation of its feasibility, returns, and alignment with strategic goals.

Terminal Value

The value of a business or project beyond the forecast period when future cash flows can be estimated.