Egalitarian Societies Are Associated with and

question 46

Multiple Choice

Egalitarian societies are associated with and .

• A) intensive farming/ domestication of animals
• B) hunting and gathering/agriculture
• C) hunting and gathering/horticulture
• D) horticulture/agriculture

---

Definitions:

Absorption Costing

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

Variable Costing

An accounting method that includes only variable costs - costs that change with production levels - in product cost calculations.

Net Operating Income

It refers to the profit generated from a company's ordinary, core business operations after subtracting operating expenses from operating revenues.

First Year

The initial year of operation, production, or accounting period.