The Different Species of Finches Found on the Galapagos Islands

question 107

Multiple Choice

The different species of finches found on the Galapagos islands are evidence of Darwin's theory of natural selection because

• A) all species are competing for the same resources
• B) they are capable of interbreeding with each other
• C) they have all evolved adaptations from a common ancestor to suit the environmental conditions found on different islands
• D) some species are more successful than others

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Definitions:

Activity-based Costing

A costing methodology that assigns costs to products or services based on the activities required to produce them, aiming to more accurately reflect the consumption of resources.

Manufacturing Overhead

All indirect costs associated with manufacturing, such as utilities, maintenance of equipment, and factory supplies, not directly attributable to specific product units.

Activity Cost Pools

Aggregations of all the costs associated with a specific activity, used in activity-based costing to allocate costs more accurately.

Estimated Overhead Cost

This refers to the projection or forecast of indirect costs associated with manufacturing processes, not directly tied to specific units of production.