European Contact with Native Americans Led to

question 12

Multiple Choice

European contact with Native Americans led to

• A) the Europeans' acceptance of the horse into their culture.
• B) the deaths of millions of Native Americans, who had little resistance to European diseases.
• C) the introduction into the New World of such plants as potatoes, tomatoes, and beans.
• D) an increase in the Native American population.
• E) the use of tobacco by Native Americans.

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Definitions:

Equivalent Unit Cost

The costing method used in process costing that calculates the cost per unit taking into consideration the stage of completion of goods in process.

Process Costing

An accounting method used where production is continuous, and costs are assigned to units of product based on the processes they undergo.

Weighted-Average Method

A costing method used in process costing that averages the costs for units in production, combining costs from the current and previous periods.

Conversion Costs

The sum of direct labor and manufacturing overhead costs, representing the costs necessary to convert raw materials into finished goods.