When a Formal Definition of a Planet in the Solar

question 50

Multiple Choice

When a formal definition of a planet in the solar system was adopted, Pluto was reclassified as a dwarf planet. What characteristic of planets does not describe Pluto?

• A) Planets orbit the sun.
• B) Planets are approximately spherical.
• C) Planets have cleared the neighborhood around their orbit.
• D) Planets orbit in ellipses with low eccentricity.
• E) Planets orbit in or very near the ecliptic plane.

---

Definitions:

Common Fixed Expenses

Fixed costs that are not directly tied to the level of goods or services produced by the business, such as rent, utilities, and salaries of administrative staff.

Sales Territories

The division of a market or customer base into specific areas, each managed by a sales representative or team, to optimize sales and marketing efforts.

Segmented Income Statement

An income statement broken down into parts or segments, typically showing revenues, expenses, and profits for individual units, products, or departments within an organization.

Contribution Format

A way of presenting income statements where costs are separated into variable and fixed, and contribution margin is highlighted.