Ecological Succession Is

question 40

Multiple Choice

Ecological succession is

• A) a change in communities caused by human activities.
• B) a stable community that forms after a change.
• C) an orderly process of change in the community of organisms.
• D) what happens to a cultivated field every year that crops are planted.
• E) competition between opportunistic and equilibrium species.

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Definitions:

FIFO System

The FIFO (First In, First Out) system is an inventory valuation method where the first items placed in inventory are the first sold, aiming to match sales with the costs of the oldest inventory.

Goodwill Impairment

An accounting concept that occurs when the carrying value of goodwill exceeds its fair value, indicating that the asset has lost value.

FIFO System

"First In, First Out," an inventory valuation method where goods first added to inventory are the first ones to be sold.

Straight Line Amortization

A method of allocating an asset's cost evenly across its useful life.