For Hobbes, the Primary Benefit of Establishing a Social Contract

question 9

Multiple Choice

For Hobbes, the primary benefit of establishing a social contract is that it

• A) allows people to protect their personal property.
• B) allows for people's survival and safety.
• C) gives the disadvantaged special rights.
• D) creates a social hierarchy to better organize daily life.

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Definitions:

Variable Costing

A costing method that includes only variable manufacturing costs—direct materials, direct labor, and variable manufacturing overhead—in product costs.

Production Cost

The total expense incurred in manufacturing goods, including materials, labor, and overhead costs.

Variable Overhead

The costs that fluctuate with the level of production or business activity, such as utilities or materials.

Variable Costing

A pricing approach that incorporates only those production expenses that vary—such as direct materials, direct labor, and variable manufacturing overhead—into the cost of products.