Absolutism Means That

question 20

Multiple Choice

Absolutism means that

• A)the real power in any state must be religious and exercised by the church.
• B)ultimate authority rests solely in the hands of a king who rules by divine right.
• C)subordinate powers have an absolute right to overrule the king on conducting the affairs of state.
• D)no matter how humble, male citizens have an absolute right to participate in politics.
• E)rule by a secular dictator, justifying his/her authority by supposedly serving the people.

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Definitions:

Merchandise Inventory

Goods that a company holds for the purpose of selling to customers in the ordinary course of business.

Monthly Depreciation

The portion of a fixed asset's cost allocated as an expense over a single month, reflecting the asset's decrease in value over time.

Accounts Payable

Accounts Payable is the amount of money owed by a business to its suppliers or creditors for goods and services purchased on credit.

Production Costs

The combined expenses associated with manufacturing a product, including labor, materials, and overhead costs.