Match the Term with the Definition

question 65

Multiple Choice

Match the term with the definition.
-1892 lockout of workers at the Homestead, Pennsylvania, steel mill after Andrew Carnegie refused to renew the union contract and workers prepared to strike. Union supporters attacked the Pinkerton National Detective Agency guards hired to protect the mill, but the National Guard soon broke the strike.

• A)Boxer uprising
• B)Coxey's army
• C)Cripple Creek miners' strike of 1894
• D)Farmers' Alliance
• E)Homestead lockout
• F)Monroe Doctrine
• G)National American Woman Suffrage Association (NAWSA)
• H)Open Door policy
• I)People's Party (Populist Party)
• J)Pullman boycott
• K)Spanish-American War
• L)yellow journalism

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Definitions:

Beginning Inventory

The value of goods available for sale at the start of an accounting period, carried over from the end of the previous period.

Inventory Units

The individual items or products that are available for sale, in production, or in stock as part of a company's inventory.

Variable Costing

Variable costing is an accounting method that includes only variable production costs (materials, labor) in product costs, excluding fixed overhead.

Unit Product Cost

The total cost to produce one unit of product, including direct materials, direct labor, and allocated overhead costs.