The Fundamental Parameters of the Universe Are So Finely Tuned

question 69

Multiple Choice

The fundamental parameters of the Universe are so finely tuned that if they had been only slightly different, life would not have been possible. This statement is often referred to as the

• A) anthropic principle
• B) mediocrity principle
• C) philanthropic principle
• D) cosmological principle

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Definitions:

Absorption Costing

An accounting method that includes all manufacturing costs (direct materials, direct labor, and overhead) in the cost of a product.

Variable Costing

An accounting method that only includes variable production costs—direct materials, direct labor, and variable manufacturing overhead—in product costs, with fixed overhead expenses recorded as period costs.

Inventory

The complete list of items such as property, goods in stock, or the contents of a building.

Absorption Costing

An accounting method that includes all of the costs associated with manufacturing a product in the product's cost.