Louis XIV's Government Included All the Following EXCEPT

question 48

Multiple Choice

Louis XIV's government included all the following EXCEPT

• A) regular consultations with the parlements.
• B) Versailles as a palace of distractions for the aristocracy.
• C) intendants as royal agents administrating the districts of France.
• D) a very competent finance minister, Colbert.
• E) a huge military machine with an army of 300,000.

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Definitions:

Fixed Selling Expense

refers to selling costs that do not vary with the volume of sales, including salaries of sales personnel and advertising expenses.

Variable Selling Expense

Variable selling expense refers to costs that fluctuate with the volume of sales, such as commissions and shipping charges.

Traditional Format Income Statement

A financial statement format that separates operating activities from non-operating activities to reveal gross profit, operating income, and net income.

Contribution Format Income Statement

An income statement format that separates variable and fixed costs, making it easier to see the contribution margin.