Which of the Following Would Be an Example of "Direct

question 13

Multiple Choice

Which of the following would be an example of "direct democracy"?

• A) An assembly of citizens deliberating
• B) A plebiscite or referendum
• C) Neither (a) nor (b)
• D) Both (a) and (b)

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Definitions:

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set.

Weighted Average Method

An inventory costing method that averages the cost of all similar items in inventory, assigning a single cost to each unit regardless of purchase date.

Cost Per Equivalent Unit

A calculation used in process costing that divides the total cost by the number of units produced, taking into account partial completion of units at the end or beginning of an accounting period.

Conversion Costs

The combined costs of direct labor and manufacturing overheads that are incurred in turning raw materials into finished products.