You Have Noticed That Whenever You and Your Mother Are

question 34

Multiple Choice

You have noticed that whenever you and your mother are at a bookstore, she needs to hold the book that she is reading about an arm's length away from her face.What is going on with your mother's eyesight?

• A)It's likely something other than eyesight issues, since most middle adults have really good vision.
• B)She likely needs to get reading glasses.
• C)She probably has macular degeneration and needs to see an ophthalmologist.
• D)Although there are minor visual changes, she is obviously just exaggerating them.

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Definitions:

Investment Opportunity

Any vehicle through which funds can be invested to potentially earn a return, such as stocks, bonds, real estate, or a business venture.

Minimum Required Rate

Often refers to the minimum rate of return that an investment must offer to be considered viable or the minimum acceptable compensation for delay or risk.

Revenue Variance

The difference between how much the revenue should have been, given the actual level of activity, and the actual revenue for the period. A favorable (unfavorable) revenue variance occurs because the revenue is higher (lower) than expected, given the actual level of activity for the period.

Activity Measure

An allocation base in an activity-based costing system; ideally, a measure of whatever causes the costs in an activity cost pool.