Irrigation Techniques, Such as Dikes, Canals, and Reservoirs, Were a Direct

question 108

Multiple Choice

Irrigation techniques, such as dikes, canals, and reservoirs, were a direct result of:

• A) social stratification
• B) centralized government
• C) diversification of labor
• D) agricultural innovation

---

Definitions:

Target Cost

The maximum amount that can be spent on a product to ensure a desired profit margin is achieved.

Market Dictated Price

The price of a good or service as determined by the supply and demand dynamics in the open market.

Markup Percentage

A percentage added to the cost price of goods to cover overhead and profit.

Total Cost Concept

An accounting principle that sums all costs associated with the production of a good or service, including direct, indirect, fixed, and variable costs.