Which of the Following Best Characterizes a Caste System

question 134

Multiple Choice

Which of the following best characterizes a caste system?

• A) Status is based on achievement.
• B) Status is based on money or material possessions.
• C) Status is based on being at the right place at the right time.
• D) Status is determined by birth and cannot be changed.

---

Definitions:

Activity-Based Costing

An accounting method that allocates costs to products or services based on the activities and resources consumed in the production or delivery process.

Overhead Assignment

The process of allocating indirect costs (or overheads) to various cost objects such as products, projects, or departments.

Product Cost

The total expenses incurred to produce and prepare a product for sale, including materials, labor, and overhead.

Activity-Based Costing

An accounting method that assigns costs to products or services based on the activities they require, improving accuracy in assigning costs.