Biotechnology May Perhaps Best Be Described as

question 119

Multiple Choice

Biotechnology may perhaps best be described as

• A) a branch of the science of molecular biology.
• B) its own scientific discipline.
• C) a collection of approaches to the exploitation of living systems to make useful products.
• D) an industry to make products useful to medicine.
• E) an industry to make products useful to agriculture.

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Definitions:

Salvage Value

The projected sale proceeds of an asset at the conclusion of its period of utility.

Payback Period

The length of time it takes for an investment to generate enough cash flow to recoup its original cost.

Accounting Rate of Return

The accounting rate of return (ARR) is an accounting metric that measures the profitability of an investment by dividing the average annual profit by the initial investment cost.

Capital Budgeting

The process of evaluating and selecting long-term investments that are in line with the goal of shareholders' wealth maximization.