Select the Most Appropriate Choice for Each Person

question 7

Multiple Choice

Select the most appropriate choice for each person.
-Aristotle

• A)a proponent of uniformitarianism
• B)developed the theory of catastrophism
• C)believed that giraffes have long necks because their short-necked ancestors stretched their necks and passed this change onto their offspring
• D)was a naturalist who sailed on the Beagle and studied finches
• E)wrote an essay relating population size to competition for limited resources
• F)natural historian and author; formed early ideas of the great chain of being

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Definitions:

Operating Leverage

A measure of how sensitive a company's operating income is to changes in revenue.

Marginal Tax Rate

The rate of tax applied to the next dollar of taxable income, indicating how much tax will be paid on an additional dollar earned.

Operating Cash Flow

A measure of the cash generated by a company's normal business operations.

DOL

Degree of Operating Leverage, a ratio that measures how a company's operating income changes with a change in sales, indicating the effects of fixed costs on profits.