You Are Driving at Night and Decide to Pass a Slow-Moving

question 28

Multiple Choice

You are driving at night and decide to pass a slow-moving car. As you look at the car as you pass, it dawns on you that although you can see the car, you can't tell what color it is. This is due to

• A)the poor ability of cones to function in low light.
• B)the poor ability of rods to function in low light.
• C)a reduced ability to focus in low light situations.
• D)the constriction of your pupil in low light situations, which reduces color vision.

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Definitions:

Cumulative Preferred

Cumulative preferred stock is a type of preferred stock that has a provision entitling shareholders to accumulate unpaid dividends to be paid out before any dividends can be issued to other stock classes.

Par Common Stock

The face value of common stock as designated in the company's charter, not necessarily its market value.

Dividends

Dividends are a portion of a company's earnings that are distributed to shareholders as a reward for their investment.

Depreciation Expense

The allocation of the cost of a tangible fixed asset over its useful life, reflecting the asset's consumption, wear and tear, or obsolescence.