According to Communist Theory, Who Owned the Means of Production

question 43

Multiple Choice

According to communist theory, who owned the means of production?

• A) bourgeoisie
• B) lumpen-proletariat
• C) petit bourgeoisie
• D) proletariat

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Definitions:

Finished Goods Inventory

The stock of completed products that are ready to be sold but have not yet been purchased by consumers or clients.

Cost Of Goods Sold

The immediate expenses directly related to the manufacture of products a company sells, such as raw materials and workforce costs.

Finished Goods Inventory

The stock of completed products that are ready to be sold.

Work In Process Account

An account used to track the costs associated with goods that are partially completed in the manufacturing process.