The Following Questions Refer to the Excerpt Below

question 47

Multiple Choice

The following questions refer to the excerpt below.
"It is impossible for the United States to preserve itself as a republic or as a democracy when 600 families own more of this Nation's wealth - in fact,twice as much - as all the balance of the people put together. Here is the whole sum and substance of the share-our-wealth movement:
1.Every family to be furnished by the Government a homestead allowance… of not less than one-third the average family wealth of the country...No person to have a fortune of more than 100 to 300 times the average family fortune…4.An old-age pension to the persons of 60…
8.The raising of revenue and taxes for the support of this program to come from the reduction of swollen fortunes from the top."
Huey Long,"Share Our Wealth," 1932
-Calls for reform such as the one in the passage would lead to

• A) conflict between urban and rural interests.
• B) calls for federal regulation of the environment.
• C) the expansion of New Deal reforms.
• D) official restrictions on freedom of speech.

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Definitions:

Process Costing

An accounting methodology used for uniform and continuous production, assigning costs based on the process or stages goods go through.

Direct Materials

Raw materials that can be directly attributed to the production of specific goods.

Assembly Department

A section of a manufacturing facility where components are put together to form a finished product.

Manufacturing Overhead

All manufacturing costs other than direct materials and direct labor, not directly attributable to a specific product.