Technically, What Is Heritability

question 19

Multiple Choice

Technically, what is heritability?

• A) The probability that a particular trait is inherited by a person
• B) The proportion of variation within population of a particular trait due to genes
• C) The proportion of a particular trait that is inherited due to sexual recombination
• D) The extent to which particular traits are explainable via nature rather than nurture

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Definitions:

Cost Flow Assumption

Refers to the method used by companies to value and manage inventory; common examples include FIFO (First In, First Out), LIFO (Last In, First Out), and average cost.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set.

Specific Identification

An inventory costing method that tracks the exact cost of each individual item in inventory to determine cost of goods sold.

Estimated Gross Profit

An expected amount of profit calculated by subtracting the estimated cost of goods sold from the estimated total sales revenue.