The Theory That Explicitly Argues That It Is Functional for Society

question 71

Multiple Choice

The theory that explicitly argues that it is functional for society to remove people who are elderly from their roles to free those roles for others who would be more successful and productive is:

• A) Talcott Parsons's functionalism theory
• B) disengagement theory
• C) activity theory
• D) conflict theory
• E) third-generation theory

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Definitions:

Costing Method

An accounting approach used to determine the cost of production or operation, such as FIFO, LIFO, or average cost method.

Absorption Costing

A method of accounting for costs in which all costs of manufacturing a product, including fixed and variable overheads, are absorbed by the products produced.

Fixed Overhead

Regular, ongoing costs incurred by a business that do not vary with production levels, such as rent, salaries, and insurance.

Period Cost

A financial term referring to costs that are not directly tied to the production process and are expensed in the period in which they are incurred.