A Community with Hundreds of Different Types of Primary Producers,a

question 2

Multiple Choice

A community with hundreds of different types of primary producers,a few herbivores,and only one carnivore,has

• A)little complexity.
• B)little diversity.
• C)a great deal of complexity.
• D)low productivity.
• E)a great deal of productivity.

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including material, labor, and overhead expenses.

Inventory Accounts

Accounts used to track the quantity and value of products a company holds for the purpose of sale, broken down into categories like raw materials, work-in-progress, and finished goods.

Manufacturing Firm

A company that produces goods through the process of raw materials using labor and machinery.

Cost Accounting Systems

Methods and procedures used for collecting, classifying, summarizing, and analyzing a company's costs to help in budgeting, controlling, and decision-making.