Australopithecines, the First Hominins, Are Thought to Have Evolved About

question 27

Multiple Choice

Australopithecines, the first hominins, are thought to have evolved about __________ years ago.

• A) 100 million
• B) 150 million
• C) 90 million
• D) 6 million
• E) 100 thousand

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Definitions:

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.

Direct Labor

The wages and salaries for those employees directly involved in the manufacturing process of a company's products.

Fixed Cost

A cost that does not change with an increase or decrease in the amount of goods or services produced or sold.

Per Unit Basis

A method of expressing costs, pricing, or other financial measures on a per single unit of product or service basis.