A Tree in Your Backyard Is Home to Robins,squirrels,beetles,and Lichens

question 36

Multiple Choice

A tree in your backyard is home to robins,squirrels,beetles,and lichens.Together all these organisms compose a/an:

• A)biosphere.
• B)organism.
• C)population.
• D)community.
• E)niche.

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Definitions:

Standard Costs

Costs that are predetermined on a per-unit basis. Standard costs are used as a benchmark for evaluating performance. These costs are often used in or are the output from the budgeting process.

Efficiency Losses

Reductions in economic well-being, reflected by the inability of a market to allocate resources optimally.

Standard Costs

The predetermined expenses for the production of a product or operation of a service, used as a baseline to measure performance.

Direct Labor Wage Variance

The difference between the expected cost of direct labor for production and the actual cost incurred.