At the Beginning of Industrialization, How Did the British Landlords

question 10

Multiple Choice

At the beginning of industrialization, how did the British landlords react to the agricultural changes?

• A)They waited to see how successful the Dutch would be.
• B)They made a few changes that brought somewhat increased crop yields for local villagers.
• C)They enthusiastically adopted the new techniques and began to produce crops for sale in the cities.
• D)They hesitated to change methods, concerned about what would happen to their loyal workers.
• E)They rejected the enclosed-field system, because their plots of land were so small.

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Definitions:

Process Costing

A costing method used for homogeneous products that are produced in a continuous process, assigning costs based on average production costs.

Conversion Costs

relate to expenses incurred in converting raw materials into finished goods, including labor and overhead.

Work in Process

Partially finished goods that are in the process of being converted into final products in manufacturing.

Equivalent Unit

A measure used in cost accounting to represent the amount of work done on partial units of output, making it possible to calculate costs in process costing systems.