Which of the Following Statements Is Correct

question 38

Multiple Choice

Which of the following statements is correct?
i.Chemical reactions in a living system are each controlled by a catalyst called an enzyme.
ii.The substrate is the reactant that the enzyme helps convert to product.
iii.The catalytic properties of an enzyme exist at the site.

• A)i only
• B)ii only
• C)iii only
• D)i and ii
• E)All are correct statements.

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Definitions:

Mutual Ownership

A form of ownership where an organization is owned by its members or customers, often seen in cooperative businesses or mutual insurance companies.

Consolidation

The process of combining the financial statements of separate companies, subsidiaries, or divisions, into single financial statements that represent the total assets, liabilities, equity, income, expenses, and cash flows of the parent company.

Ownership Interest

A share or stake in an entity that gives the holder a claim on part of the entity's assets and profits.

Treasury Stock Approach

A method used in calculating the share price impact of stock options by assuming that any proceeds from option exercises are used to buy back shares at the current price.