Which of the Following Was NOT True of the Democratic

question 3

Multiple Choice

Which of the following was NOT true of the Democratic Revolution in France in the late 18th century?

• A) Society was divided into three classes: nobility, clergy and peasantry
• B) Social mobility (freedom of movement) between the ranks of nobility, clergy and peasantry was virtually impossible
• C) The peasantry represented approximately 75% of the population
• D) The peasantry was considered the lowest-ranking 'third estate'

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Definitions:

Fixed Cost

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance premiums.

Net Income

An entity's earnings after all expenses, including taxes and operating costs, have been deducted from revenues.

Physical Inventory

The process of counting and verifying the actual quantities of merchandise or goods in stock.

Absorption Cost

An accounting method that assigns all manufacturing costs (both fixed and variable) to products, making them fully absorbed into the cost of goods sold.