Which Statement Is True

question 170

Multiple Choice

Which statement is true?

• A) The diversity of life has depended on similar environments and ecological communities around the globe.
• B) Sexual selection and genetic drift contribute to the diversity of life.
• C) Earth has existed and changed over a few thousand years, at most.
• D) All ancestral forms of life were very similar to organisms that currently exist.
• E) All organisms are closely related genetically.

Distinguish between different types of money and understand the role of the Federal Reserve System in managing monetary policy.

Analyze the structure and functions of the Federal Reserve System and its importance in economic policymaking.

Understand the concepts of commodity money and fiat money and the reasons behind the acceptance of fiat money.

Identify the role and actions of the Federal Reserve as a lender of last resort and the importance of the Federal Deposit Insurance Corporation (FDIC) in maintaining financial stability.

---

Definitions:

Finishing Department

The department in a manufacturing process where products undergo final operations, such as painting, polishing, or packaging, before being sold.

Direct Labor-Hour

A unit of measure for the time spent by workers on producing a specific number of goods.

Machining Department

A segment within a manufacturing facility where machining, a process of removing material from a workpiece to create desired shapes and features, takes place.

Machine-Hour

A unit of measure indicating the time a machine is operated to produce goods, often used in allocating manufacturing overhead.