Use figures A, B, and C to answer the following questions. Figure A is an 8-cm. cube. Figure B is eight, 4-cm cubes. Figure C is sixty-four, 2-cm cubes.
If the figures represented cells, what size cell has the greatest potential to bring nutrients in and rid itself of waste?
A. The cell in Figure A.
B. The individual cells in Figure B.
C. The individual cells in Figure C.
D. All cells have the same potential.
Answer: C
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The reservation price, the maximum that most consumers will pay for a given product, is known as the ________ price
A) expected future B) usual discounted C) upper-bound D) typical E) historical competitor
If a contract for the sale of goods is F.O.B. Minneapolis and the seller is in Minneapolis and the
buyer is in Chicago, the contract is a shipment contract. Indicate whether the statement is true or false
Unless the partnership agreement provides otherwise, a partnership can be dissolved when
A) a date is specified in the partnership agreement as to when partnership ends B) a partner dies C) a partner declares bankruptcy D) a partner gives notice of intention to withdraw and dissolve the partnership E) all of the above
Gandee Company has an operating leverage factor of 5. Which of the following statements is true? Thus, an 8% change in ______ should result in a 40% change in _____. The respective amounts that change are:
A. An 8% change in variable costs should result in a 40% change in contribution margin. B. An 8% change in income should result in a 40% change in sales revenue. C. An 8% change in sales revenue should result in a 40% change in income. D. An 8% change in variable costs should result in a 40% change in break-even sales. E. An 8% change in fixed costs should result in a 40% change in income.