DNA Is One of the Features Common to All Known

question 52

Multiple Choice

DNA is one of the features common to all known forms of life.Which of the following statements about DNA is true?

• A) It forms the protective outer membrane of cells.
• B) It is expressly produced for reproduction and is found only in eggs and sperm.
• C) It is the blueprint that guides the growth, development, behavior, and reproduction of all organisms.
• D) Its absence in viruses is the basis for classifying them as nonliving.

Recognize the impact of inventory cost flow assumptions (LIFO, FIFO, and weighted average) on financial statements.

Identify the components and significance of inventory carrying costs.

Understand the significance of considering inventory losses and "shrinkage" in inventory accounting.

Recognize the role of modern technology in the adoption of inventory systems.

---

Definitions:

Depreciation

The deliberate allocation of a physical asset's expenditure throughout its usable life.

Net Present Value

The difference between the present value of cash inflows and the present value of cash outflows over a period of time, used in capital budgeting to assess the profitability of an investment.

Required Return

The minimum amount of profit an investor expects to receive on an investment, accounting for various levels of risk.

Straight-Line Depreciation

A method of calculating the depreciation of an asset, which allocates an equal amount of depreciation each year over the asset's useful life.