Jonas Salk Developed the First Polio Vaccine

question 130

Multiple Choice

Jonas Salk developed the first polio vaccine. When he accepted the Nobel Prize, he said, "The greatest reward for serving others is the opportunity to do further service." Salk's statement suggests that his efforts were motivated by

• A)fame gained from research.
• B)the power to control production of a valuable substance.
• C)curiosity to answer scientific questions.
• D)altruism.

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Definitions:

Administrative Expenses

Administrative Expenses are overhead costs not directly tied to a specific function such as manufacturing, production, or sales, and can include salaries, rent, and office supplies.

Budgeting

A financial planning process whereby individuals or entities estimate their expected incomes and expenditures over a defined period.

Activity Variance

Activity variance calculates the difference between the planned quantity of activity and the actual quantity, analyzing the impact on costs and operational efficiency.

Direct Labor

The wages and benefits paid for the labor directly involved in the production of goods or services.