________ Refers to the Application of Biological Principles to Explain

question 30

Multiple Choice

________ refers to the application of biological principles to explain the social activities of animals, including human beings.

• A) Biological determinism
• B) Sociobiology
• C) Social constructionism
• D) Social Darwinism

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Definitions:

Operating Leverage

The extent to which a company can increase operating income by increasing revenue, attributable to the proportion of fixed costs in total costs.

Fixed Expenses

Costs that remain constant in total over a specified period, regardless of changes in the level of activity or volume of output.

Unit Variable Cost

The variable cost incurred to produce one unit of a product, such as materials or labor.

Net Operating Income

The profitability of a company's core business operations, calculated as gross profit minus operating expenses, excluding interest and taxes.