Subsistence Technology Refers to ______

question 57

Multiple Choice

Subsistence technology refers to ______.

• A) the means by which a society satisfies basic needs
• B) how a stratification system is organized
• C) the systems that create social mobility in a society
• D) the means by which a society produces information
• E) how capital is shared in a society

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Definitions:

Job-Order Costing

An accounting method that tracks the costs associated with creating a specific product or delivering a specific service, making it possible to calculate the profit on individual jobs.

Predetermined Overhead Rate

A rate calculated before a period begins, used to allocate overhead costs to products or services based on a selected activity base.

Automated Shaper

A machine tool that operates under programmed control to shape materials.

Capacity

The maximum level of output that a company can sustain to make a product or provide a service.