Which of the Following Scenarios Is an Example of Basic

question 25

Multiple Choice

Which of the following scenarios is an example of basic research?

• A)Jeremy, a social activist, is researching ways to improve the quality of life of physically challenged people.
• B)Xerome, an engineer, is trying to find an alternative fuel that would be cost effective and environmental friendly.
• C)Sasha, a student, is working on his new science project.
• D)Laila, an engineer, is trying to rectify the malfunctions of her newly invented engine.

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Definitions:

Contribution Margin Ratio

A calculation that shows what percentage of sales revenue is available to cover the fixed costs of a business after variable costs have been paid.

Fixed Expenses

Costs that remain constant regardless of any change in a company's activity level, such as lease payments, insurance, and property taxes.

Sales

Represents the total income generated by a company from selling goods or services before any expenses are subtracted.

Minimum Required Rate

The lowest return rate that an investment must offer to be considered viable or acceptable.