The Oldest Rocks on the Ocean Floors Are About ________

question 23

Multiple Choice

The oldest rocks on the ocean floors are about ________ years in age because time needed to complete the tectonic cycle is more than _______.

• A) 50,000;60,000
• B) 1 million;2 million
• C) 200 million;250 million
• D) 2 billion;2.5 billion
• E) 4.5 billion;4.57 billion

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Definitions:

Operations

The day-to-day activities involved in running a business that lead to the production of goods and services.

Variable Costing

An accounting method that only considers variable costs (costs that change with production levels) in product pricing and decision making, excluding fixed costs.

Absorption Costing

is an accounting method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - in the cost of a product.

Fixed Manufacturing Overhead

Costs related to manufacturing that do not vary with the level of production, such as rent, salaries, and utility costs for the factory.