One System of Forced Labor Used by Spain in Its

question 3

Multiple Choice

One system of forced labor used by Spain in its colonies was called

• A)potosi.
• B)econmienda.
• C)casas.
• D)None of these are correct.
• E)All of these are correct.

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Definitions:

Equivalent Units

A concept used in cost accounting to convert partially completed goods into a number of equivalent completed units for inventory valuation.

Forming Department

A specific department in manufacturing where raw materials begin their transformation into final products through various processes.

Weighted-Average Method

An inventory costing method that assigns costs based on the average cost of all units available during the period.

Equivalent Units

A concept used in cost accounting to convert partially completed goods into the equivalent of full units of output, facilitating consistency in financial reporting and analysis.