Which of the Following Is Not a Feature of a Good

question 52

Multiple Choice

Which of the following is not a feature of a good index fossil?

• A) Numerous specimens found
• B) Occurrence limited to a few localities
• C) Easily identified species
• D) Limited time span of existence

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Definitions:

Differential Cost

The difference in total cost that will result from selecting one alternative over another.

Contribution Margin

The difference between sales revenue and variable costs, indicating the amount available to cover fixed costs and generate profit.

Variable Administrative Expenses

Expenses within the administration sector that fluctuate with the level of business activity, like sales commissions.

Contribution Margin

The amount by which a product's sales price exceeds its variable costs, used to cover fixed costs and generate profit.