The Links of Patronage from a King or Prince to His

question 35

Multiple Choice

The links of patronage from a king or prince to his nobles were strengthened in part by:

• A) military aid provided to the king by his nobles.
• B) taxes generated by the nobles and paid to the king.
• C) elaborate court rituals.
• D) chivalric orders.
• E) commercial ties between them.

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Definitions:

Flexible Budget

A budget that adapts or changes according to fluctuations in activity levels or volume.

Fixed Costs

Costs that do not vary with the level of production or sales over a certain range, such as rent, salaries, and insurance.

Activity Level

A measure of the volume of production or operations, which can impact costs and profitability within a business.

Cost Driver

A factor that causes the cost of an activity or process to change, used in activity-based costing to allocate costs more accurately.