Examlex
In plant communities today, leaf morphology is correlated with mean annual temperature, so paleobotanists use fossil leaf morphology to estimate the mean annual temperature of paleoclimates. However, the angiosperm fossil record contains an overabundance of samples fossilized near lakes or rivers where vines are especially common. Since vine leaves have a somewhat different association with temperature, use of data from vine-rich locations leads to mean average temperature estimates that are lower than actual recorded temperatures in modern plant communities. This potential bias in paleobotanical climate estimates is due to which type of bias in the fossil record? (R. J. Burnham, N. C. A. Pitman, K. R. Johnson, and P. Wilf. 2001. Habitat-related error in estimating temperature from leaf margins in a humid tropical forest. American Journal of Botany 88:1096-1102.)
Manufacturing Overhead Budget
A financial outline estimating the expected indirect production costs, such as utilities and rent for manufacturing facilities.
Overhead Costs
Indirect expenses related to the day-to-day running of a business, such as rent, utilities, and administrative costs.
Merchandise Purchases Budget
A financial plan that estimates the cost of goods a business needs to buy to meet its sales goals.
Production Budget
An estimate of the total cost of production (including materials, labor, and overhead) for a specific period.
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