Final answer:
Bioremediation is the practical application of evolution that supports conservation management by capitalizing on the rapid evolution of bacteria and fungi in contaminated soil.
Step-by-step explanation:
The practical application of evolution that supports conservation management by capitalizing on the rapid evolution of bacteria and fungi in contaminated soil is bioremediation. Bioremediation is the use of organisms to break down or remove pollutants from the environment. In the case of contaminated soil, bacteria and fungi are utilized to degrade or transform harmful substances into less toxic forms. This process helps to restore the natural balance of ecosystems.