As an Example of How Virtually No One Is Immune

question 38

Multiple Choice

As an example of how virtually no one is immune from larger political and economic forces, the Yanomami tribal society of Brazil has suffered recent changes as a result of

• A) encroachment by gold miners and ranchers.
• B) village raiding among tribal groups.
• C) the involvement of NGOs in their internal political affairs.
• D) being overrun by the more expansion-minded Nilotic peoples.
• E) modern-minded big men amassing so much wealth that people have begun to regard them as chiefs.

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Definitions:

Variable Costing

An accounting method that only allocates variable costs to inventory, treating fixed costs as period expenses that are charged to the income statement in the period they are incurred.

Absorption Costing

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

Contribution Format

A financial statement layout that separates fixed costs from variable costs to highlight the contribution margin of a business.

Absorption Costing

A financial tracking method that brings together all costs of production—direct materials, direct labor, and all overhead, both variable and fixed—inclusion in the price of a product.