What Is the Estimated Number of Species on Earth

question 20

Multiple Choice

What is the estimated number of species on Earth? 

• A) about 3 thousand to 100 thousand 
• B) about 3 million to 100 million 
• C) 3 billion to 100 billion 
• D) about 3 trillion to 100 trillion

---

Definitions:

Assets

Resources owned or controlled by a business, entity, or individual, expected to produce economic value or future benefits.

Economic Order Quantity

A formula used to determine the optimal order size that minimizes the total inventory holding costs and ordering costs.

Carrying Cost

The total cost of holding inventory, including storage, insurance, taxes, opportunity costs, and depreciation.

Fixed Costs

Costs that do not change when the quantity of output changes during a particular time period.