A Person Is Blindfolded and Then Given a Piece of Apple

question 42

Multiple Choice

A person is blindfolded and then given a piece of apple to eat while the scent of pineapple is wafted around his or her nose.The person would most likely guess that he or she is eating a/an:

• A)apple.
• B)pineapple.
• C)new type of fruit.
• D)50-50 mixture of apple and pineapple.

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Definitions:

Multiple-Step Income Statement

A detailed income statement that separates operational revenue and expenses from non-operational ones, presenting a clear view of a company’s operational efficiency.

Income Statements

A financial statement that shows a company’s revenues, expenses, and profits or losses over a specific period.

Wholesalers

Businesses that buy goods in bulk from manufacturers or distributors and then sell them in smaller quantities to retailers or other businesses.

Retailers

Businesses that sell goods or services directly to consumers.