Why Do Studies Show That Food Distribution Is Better Ineconomies

question 19

Multiple Choice

Why do studies show that food distribution is better ineconomies with higher political competition?

• A)Higher political competition always ensures better food production in farming areas.
• B)Increased competition between political parties leads voters to educate themselves on the availability of such distribution
• Systems.
• C)The threat of failure to get reelected spurs government into providing better food distribution systems.
• D)All of these explanations are correct.

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Definitions:

Periodic System

An inventory system that updates inventory and cost of goods sold only at the end of the accounting period based on a physical count.

Ending Inventory

The value of goods available for sale at the end of an accounting period, calculated by adding purchases to beginning inventory and then subtracting the cost of goods sold.

Gross Profit

The difference between sales and the cost of goods sold before deducting overhead, payroll, taxation, and interest payments.

FIFO Inventory

Stands for "First-In, First-Out", an inventory valuation method where the oldest inventory items are recorded as sold first.