Consider the Sentence: "It Was the Bird That Ate the Fruit

question 20

Multiple Choice

Consider the sentence: "It was the bird that ate the fruit." The antecedent is:

• A)The fruit
• B)Ate
• C)The bird
• D)It
• E)That

---

Definitions:

Net Income

The net income of a company, calculated by deducting all costs, taxes, and expenses from its total revenue.

Accounting Break-even

The point at which a company's total sales equal its expenses, thus resulting in neither profit nor loss, based strictly on accounting figures not considering cash flow.

Variable Cost

Costs that change in proportion to the activity of a business.

Fixed Costs

Fixed expenses unaffected by the volume of production or sales, like rent, insurance, and wages.