The First Hominins Are Thought to Have Evolved About

question 136

Multiple Choice

The first hominins are thought to have evolved about

• A) 200 million years ago.
• B) 100 million years ago.
• C) 50 million years ago.
• D) 6 million years ago.
• E) 1 million years ago.

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Definitions:

Monthly Fixed Expense

Costs that do not vary with the level of production or sales in a given period, such as rent or salaries, accruing on a monthly basis.

Margin Of Safety

The difference between actual or projected sales and the break-even point, indicating the buffer against losses.

Break-Even Sales

The amount of revenue that is exactly sufficient to cover both fixed and variable costs, resulting in neither profit nor loss.

Break-Even

The point at which total revenues equal total costs, resulting in no net loss or gain.