The Feudal Tradition Contributed to Later Development of the Idea

question 5

Multiple Choice

The feudal tradition contributed to later development of the idea of liberty because

• A)vassals possessed personal rights that their lord was legally bound to respect.
• B)lords enjoyed unlimited freedom of action vis-à-vis their vassals.
• C)feudal thought gave later advocates of liberty and equality before the law something to react against.
• D)of the Christian notion that God cared about the salvation of each individual soul.
• E)nobles believed that their position freed them from accountability.

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Definitions:

Perpetual Inventory System

An accounting method where inventory and cost of goods sold are updated continuously with every sale or purchase.

Inventory Losses

Reductions in inventory quantity or value, which can be caused by factors such as theft, spoilage, or obsolescence.

Transportation Costs

Expenses incurred in the process of moving goods from one location to another, including freight, shipping, and handling fees.

Inventory Carrying Cost

The total cost associated with holding and storing unsold goods, including storage, insurance, and opportunity costs.