The Difference in the Fundamental Niche and the Realized Niche

question 37

Multiple Choice

The difference in the fundamental niche and the realized niche is

• A)the fundamental niche is the actual niche that a species occupies while the realized niche is not.
• B)the fundamental niche is the entire niche that a species is capable of using while the realized niche is just what is being occupied.
• C)the fundamental niche is smaller than the realized niche.
• D)the realized niche is theoretical while the fundamental niche is the entire niche that an organism can use.

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Definitions:

Net Income

The complete income of a company once all costs and taxes are subtracted from its total revenue.

Net Loss

The result when a company's total expenses exceed its total revenues during an accounting period, indicating a decrease in owner's equity.

End-of-period Spreadsheet

A financial document summarizing a company's financial data at the end of an accounting period, including assets, liabilities, and equity.

Income Statement

The income statement is a financial document that shows a company's revenues, expenses, and net income over a specific period.