Suppose a Species of Wild Boar (A Type of Pig)

question 56

Multiple Choice

Suppose a species of wild boar (a type of pig) is actively hunted when it is at a young age because at that stage of its development the meat of the boar is particularly tender. What is a likely outcome if this species is overharvested?

• A) The wild boar population will dwindle because their food source will disappear due to habitat loss.
• B) The wild boar population will increase because older boars will continue to survive.
• C) The wild boar population will dwindle and potentially go extinct if not enough boars that can reproduce are left to mate.
• D) The wild boar population will increase because boundaries will help separate boars from humans.

Calculate contribution margin per unit, contribution margin ratio, and variable expense ratio.

Forecast net operating income based on changes in sales volume, selling price, variable costs, and fixed costs.

Calculate the margin of safety in dollars and percentage.

Apply changes in the business environment (e.g., sales incentives, price changes, advertising budget adjustments) to predict their effect on net operating income.

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Definitions:

Equipment

Tangible property used in operations, such as machinery and office equipment, which is not intended for sale.

Accounting Equation

The fundamental formula representing the relationship between assets, liabilities, and equity (Assets = Liabilities + Equity).

Asset

An economic resource owned or controlled by an individual or business, expected to provide future benefits.

Liability

Any financial debt or obligation that a company owes, which must be settled over time through the transfer of economic benefits including money, goods, or services.