Samples Can Be Taken from the Deep Sea Floor By

question 8

Multiple Choice

Samples can be taken from the deep sea floor by:

• A) coring devices.
• B) echo sounders.
• C) seismic profilers.
• D) remote sensing.

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Definitions:

Decision Making

Selecting a course of action from competing alternatives.

Avoidable Cost

Costs that can be eliminated if a particular decision is made, such as discontinuing a product or service.

Sunk Cost

A cost that has already been incurred and that cannot be changed by any decision made now or in the future.

Consistency

Refers to the accounting principle that mandates the same accounting methods and procedures to be followed from one financial period to another to ensure comparability of financial statements over time.