What Was the Physical Form of the Khipu , the Device

question 16

Multiple Choice

What was the physical form of the khipu , the device used by the Inka to maintain accurate accounting records?

• A) Cords with colored beads
• B) Colored cords with knots
• C) Leather and colored beads
• D) Wood and stone markers

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Definitions:

Assembly Department

A part of a manufacturing firm where parts are put together to create finished goods.

Work In Process Inventory

Goods partially completed during the manufacturing process, not yet ready for sale.

Units Transferred

The quantity of items moved from one stage of production or location to another within a given period.

Step-Down Method

A cost allocation method used in accounting and finance to distribute indirect costs to different departments or products.