Jack and Jill Are Twins

question 141

Multiple Choice

Jack and Jill are twins. Because he is a boy, Jack's parents encourage him to run. However, they discourage Jill from engaging in athletic activity. As a result, Jack is much faster at running up a hill than Jill. The difference in Jack and Jill's behavior is best explained by

• A) nonshared environmental influences.
• B) active gene-environment relations.
• C) polygenetic effects.
• D) niche-picking.

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Definitions:

Contingent Consideration

An obligation to transfer additional assets or equity interests if certain predefined conditions are met post-acquisition.

Equity

The residual interest in the assets of an entity after deducting liabilities, representing the ownership value held by shareholders.

Fair Value

The figure that represents either the income from an asset sale or the expense for settling a liability during a coordinated trade between market participants on the agreed upon date of appraisal.

Fair Value

An estimation of the price at which an asset or liability would be willingly exchanged between market participants at an arm's length transaction.