In Making a Decision Regarding Whether or Not to Sell

question 49

Multiple Choice

In making a decision regarding whether or not to sell a tract of land,the purchase price of the land is a(n) :

• A)incremental cost
• B)opportunity cost
• C)relevant cost
• D)sunk cost

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Definitions:

Allelic Form

Variations of a gene that occur in the same place on a chromosome.

Recessive Allele

An allele that produces its characteristic phenotype only when its paired allele is identical.

Dominant Allele

A dominant allele is one version of a gene that masks the presence of a recessive allele in the pair, meaning the trait it represents is expressed even when only one copy is present.

Codominance

A genetic scenario where two alleles of a gene are expressed equally in the phenotype of the organism, neither being recessive to the other.