Which of the Following Statements Is True About the Human

question 52

Multiple Choice

Which of the following statements is true about the Human Genome Project?

• A)The project revealed that we have over 100,000 functioning genes.
• B)An international version of the project was able to identify what most of the genes actually do in the body.
• C)Much of our DNA does not encode proteins and is called "junk" DNA.
• D)It was used to identify the gene for Huntington's disease.

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Definitions:

Sunk Cost

A cost that has already been incurred and cannot be recovered. It should not impact future business decisions because it cannot be changed.

Depreciation

The reduction in the value of an asset over time, particularly regarding tangible assets like machinery and vehicles.

Outsourcing

The business practice of hiring a party outside a company to perform services or create goods that traditionally were performed in-house by the company's own employees.

Opportunity Cost

represents the value of the best alternative foregone as a result of making a particular choice.