Countries That Appear to Have Many of the Trappings of Democracy

question 21

Multiple Choice

Countries that appear to have many of the trappings of democracy but restrict the democratic process to a great degree are known as

• A) illiberal regimes.
• B) crypto-democracies.
• C) democratic tyrannies.
• D) subdemocracies.

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Definitions:

Weighted-Average Method

An inventory costing method that assigns a weighted average cost to each unit of inventory, used to calculate cost of goods sold and ending inventory.

First-In, First-Out

An inventory valuation method where the oldest items in inventory are sold or used first.

Equivalent Units

A concept in cost accounting used to calculate the work done on partially completed goods, expressed in terms of fully completed units.

Cost Reconciliation Report

A document used to reconcile and verify the costs incurred by a department or project against the budgeted or expected costs.