Refer to the Diagram

question 230

Multiple Choice

Refer to the diagram. Refer to the diagram. In this simplified food web, the gray wolf is classified under secondary and tertiary consumers. The wolf is a secondary consumer because it feeds on _______ and a tertiary consumer because it feeds on _______. A) bison; coyote B) bison; elk C) coyote; bison D) coyote; elk E) elk; grizzly bear In this simplified food web, the gray wolf is classified under "secondary and tertiary consumers." The wolf is a secondary consumer because it feeds on _______ and a tertiary consumer because it feeds on _______.

Definitions:

Net Operating Income

The profit generated from a business's operations after subtracting operating expenses but before deducting interest and taxes.

Variable Costing

A pricing approach that incorporates only variable manufacturing expenses into the cost of products, while considering fixed overhead costs as expenses for the period.

Variable Costing

An accounting method that only includes direct variable costs in product costing and decision-making processes.

Absorption Costing

A method of accounting that incorporates all costs associated with manufacturing, including direct materials, direct labor, and overhead expenses, into the product's cost.