The Binomial System of Nomenclature, by Which We Still Classify

question 5

Multiple Choice

The binomial system of nomenclature, by which we still classify species, was originated by

• A) Charles Darwin.
• B) Thomas Malthus.
• C) Carl Sagan.
• D) Ernst Mayr.
• E) None of the above

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Definitions:

Break-Even Point

The production level or sales volume at which total revenues equal total costs, resulting in zero profit.

Degree Of Operating Leverage

A financial ratio that measures the sensitivity of a company's operating income to its sales.

Contribution Format

A financial statement format that separates fixed costs from variable costs to highlight the contribution margin of products or services.

Margin of Safety

The difference between actual sales and the break-even point, used to evaluate the level of risk in a business operation.