According to the Simplest Theory, the Hominin Line Is Composed

question 50

Multiple Choice

According to the simplest theory, the hominin line is composed of two different genera:

• A) Australopithecus and Homo.
• B) apes and Homo sapiens.
• C) apes and humans.
• D) old-world monkeys and new-world monkeys.
• E) none of the above

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Definitions:

Standard Cost

The predetermined cost of manufacturing a single unit or a number of product units during a specific period, used for budgeting and performance evaluation.

Budget

A financial plan that estimates income and expenditure for a specific period of time.

Equivalent Units

A concept used in process costing that converts partially completed units into a number of fully completed units, facilitating cost calculation.

Material Price Variance

A calculation that measures the difference between the actual cost of materials and the standard cost multiplied by the quantity purchased.