One Effect of the Rise of Cities in Yuan China

question 13

Multiple Choice

One effect of the rise of cities in Yuan China was

• A)the increasing influence of Mandarin.
• B)the rise of a class of educated holy men.
• C)the decline of the prestige of the warrior class.
• D)improved nutrition of the urban population.
• E)an interest in trade for the first time in China.

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Definitions:

Increasing Costs

A situation where production or operating expenses grow over time, often due to inflation, increased demand for resources, or higher labor costs.

LIFO Inventory Cost Method

An inventory valuation method that assumes the last items purchased are the first ones sold, affecting the company's bookkeeping and tax calculations.

Current Revenues

Income received by an entity within its normal business operations and within the current accounting period.

Lower-Of-Cost-Or-Market

An accounting principle that values inventory at the lesser of its historical cost or the market replacement cost, ensuring inventory is not overstated.