According to Max Weber, Governments Are Given Legitimate Power When

question 36

Multiple Choice

According to Max Weber, governments are given legitimate power when:

• A) they are able to oppress all opposition to their rule.
• B) other countries recognize their power as legitimate.
• C) citizens acknowledge that the government has the right to exercise power over them.
• D) they coerce the people into submission.

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Definitions:

Variable Costing

A method of costing that includes only variable production costs in product costs, treating fixed manufacturing overhead as a period cost to be charged against revenue in the period incurred.

Absorption Costing

A strategy in accounting that involves incorporating costs related to manufacturing, including direct materials, direct labor, and variable and fixed overheads, into the price point of a product.

Production Cost

The total expense incurred in manufacturing a product, including materials, labor, and overhead.

Absorption Costing

A costing method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead in the cost of a product.