In Extending an Expense Item for the Current Budget Year,an

question 5

Multiple Choice

In extending an expense item for the current budget year,an often-used and useful approach is to

• A)use last year's figure.
• B)use the average of the last three years.
• C)use last year's figure plus a usual 10% "fudge factor."
• D)adjust last year's figure upwards by this year's expected inflation.

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Definitions:

Hereditary Material

Genetic material, such as DNA or RNA, that is passed from parents to offspring and determines inherited characteristics.

Sexual Selection

Refers to the process of choosing mates based on certain traits, which can influence an individual's ability to reproduce within a population.

Homoplasic Structures

Features in different species that appear similar not due to common ancestry but convergent evolution or evolutionary reversals.

Homologous

Refers to structures or genes that are similar between different organisms due to shared ancestry.