Martin Keeps a Worm Bin in His Basement Because They $\circ$

question 60

Multiple Choice

Martin keeps a worm bin in his basement because they need cooler temperatures to survive.He feeds them about 1 pound of kitchen scraps each week.One summer the temperatures rose above the optimal temperature for the red worms (~ 85 ^$\circ$ F) and many in his colony died.However,those that survive continued to reproduce and within 6 months his colony was again thriving.The next summer,unusually warm temperatures again cause the basement temperatures to rise above 85 ^$\circ$ F for 2 days in a row.Surprisingly,Martin noticed that only a small portion of the worm colony died.What is the best explanation for this?

• A) After the first summer a new species of worm evolved.
• B) The worms sensed that the temperature was going to be hot in the future and adapted.
• C) The worms learned how to tolerate higher temperatures.
• D) The worms surviving the first year had a higher heat tolerance and passed this trait to their offspring.
• E) Worms are insensitive to heat changes.

Describe the role of culture, societal norms, and ethics in shaping business practices.

Identify the key principles of the Consumer Bill of Rights and its impact on consumer protection.

Understand the ethical considerations in information exchange including privacy policies and economic espionage.

Discuss how business cultures affect ethical behavior in exchanges between sellers and buyers and in competition.

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Definitions:

Term Structure

Refers to the relationship between interest rates or bond yields and different terms or maturities.

Interest Rates

The proportion of a total amount of money levied for borrowing it, usually represented as an annual rate.

Pure Time Value

Pure time value is the concept in finance that money available now is worth more than the same amount in the future due to its potential earning capacity.

Term Structure

The relationship between interest rates (or yields) and different terms (or maturities) for debt securities.