If Similar Species Each Occupy a Smaller Niche When They

question 55

Multiple Choice

If similar species each occupy a smaller niche when they live together than they would if they lived alone, they are said to be

• A) involved in succession.
• B) coevolving.
• C) increasing niche overlap.
• D) involved in intraspecific competition.
• E) partitioning their resources.

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Definitions:

Sunk Cost

A cost that has already been incurred and cannot be recovered, which should not influence future business decisions.

Accumulated Depreciation

The total depreciation expense allocated for a tangible asset over its usage period, reducing its book value.

Replacement Equipment

Items purchased to replace older assets within a business, ensuring operational efficiency and continuity.

Variable Cost Method

A cost accounting method that only applies variable costs to inventory, excluding fixed costs from cost of goods sold calculations.