​Competitive Exclusion Is Based Upon the Idea That ____

question 17

Multiple Choice

​Competitive exclusion is based upon the idea that ____.

• A) ​one species will voluntarily allow the other to survive
• B) no two species can completely occupy the same niche​
• C) ​the larger species will dominate the smaller
• D) ​competition is overrated as a factor in species survival
• E) ​two species can live together, if they share the same niche but only at alternate times

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Definitions:

Direct Labor

The labor costs directly attributable to the production of goods or services.

Overhead Rate

The ratio used to allocate overhead costs to produced units, calculated by dividing total overheads by an allocation base like labor hours.

Work in Process Inventory

Inventory that includes all materials and labor currently in the process of being manufactured but not yet completed.

Manufacturing Costs

Manufacturing costs are all the direct costs associated with producing goods, including direct labor, materials, and allocated overhead.