Which of the Following Is Correct

question 93

Multiple Choice

Which of the following is correct ?

• A)niche - function of a life form within a given environment
• B)ecosystem - mutually beneficial relationship
• C)community - specific location of an organism
• D)symbiotic relationships - a self-regulating association of living plants and animals and their nonliving environment
• E)habitat - interactions among populations living at a particular time

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Definitions:

Markup

The amount added to the cost of goods to cover expenses and generate profit, usually expressed as a percentage of the cost.

Physical Inventory

The process of counting and verifying the actual quantities of merchandise or goods in stock, typically performed at the end of an accounting period.

Cost Flow Assumption

The method by which a company values and moves its costs (such as FIFO, LIFO) to determine the cost of goods sold and ending inventory valuation.

Net Income

The total earnings of a company after subtracting all expenses, taxes, and costs from total revenue; also known as net profit.