All of the Following Are Requirements for Representative Democracy Except

question 52

Multiple Choice

All of the following are requirements for representative democracy except that

• A) there must be opportunity for genuine leadership competition.
• B) individuals and parties must be able to run for office.
• C) voters must perceive that a meaningful choice exists.
• D) political resources must be distributed in a roughly equal manner.
• E) communication must be free.

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Definitions:

Absorption Costing

An accounting method that captures all of the manufacturing costs (both fixed and variable) in the cost of a product.

Variable Costing

A costing method in which only variable production costs are assigned to inventory and cost of goods sold, excluding fixed manufacturing overhead.

Absorption Costing

A method of product costing that includes all manufacturing costs—direct materials, direct labor, and both variable and fixed manufacturing overhead.

Unit Product Cost

The total cost incurred to produce, store, and sell one unit of a product, including direct materials, labor, and overhead.