Kwanzaa Is _______________________________

question 43

Multiple Choice

Kwanzaa is _______________________________.

• A) a ritual transported from Africa to America in the eighteenth century and preserved by secret societies in African American communities
• B) a type of music attacked as demeaning by African-American rights activists in the 1970s
• C) a fashion featuring colorful shirts, caps, and head wraps brought from Africa and adopted by African Americans in the 1970s as an expression of cultural pride
• D) a holiday created in 1966 to celebrate the shared African heritage of all African Americans

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Definitions:

Absorption Costing

A method of costing that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overheads - in the cost of a product.

Net Operating Income

This is the total profit of a business after operating expenses are subtracted from gross revenue but before taxes and interest expenses are deducted.

Absorption Costing

A method of product costing that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overhead - in the cost of a product.

Product Costs

Costs that are considered to be directly associated with the production of goods or services, including direct materials, direct labor, and manufacturing overhead.