The Following Was Not a Characteristic of the Shang Dynasty

question 34

Multiple Choice

The following was not a characteristic of the Shang Dynasty:

• A) Its social and political organization was kinship-based.
• B) Its rulers were idealized as sages.
• C) It emphasized military power and efficiency of command.
• D) Local leaders were employed by the ruling families as regional officials.

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Definitions:

Cost-Plus Pricing

Cost-plus pricing is a pricing strategy where a fixed percentage or amount is added to the total cost of producing a product or delivering a service to determine its selling price.

Mark-Up Percentage

The proportion added onto the goods' purchase price to account for overhead costs and profit margins.

Variable Costs

Expenses that change in proportion to the activity or volume of operations in a business.

Cost-Plus Pricing

A pricing strategy where a fixed percentage or amount is added to the cost of producing a product or service to determine its selling price.