Which Ecological Definition Is Incorrect

question 20

Multiple Choice

Which ecological definition is incorrect?

• A) A population is a group of individuals of the same species living in the same region.
• B) An ecosystem consists of individuals,populations,and communities.
• C) An individual is a single organism of a particular species.
• D) A community is made up of biotic and nonliving components.
• E) none of these

---

Definitions:

Periodic Inventory System

An inventory system that updates inventory balances and cost of goods sold at the end of an accounting period based on a physical count.

FIFO

An accounting method for valuing inventory that assumes the first items produced or bought are the first ones sold, standing for First In, First Out.

Weighted-Average Cost Method

An inventory costing method that assigns the average cost of goods available for sale to both ending inventory and cost of goods sold, weighted by the quantity of goods.

LIFO

Last In, First Out is a method of valuing inventory where the items that were most recently produced or purchased are the first ones to be used in the calculation of cost of goods sold.