Henry George Believed That the Root of Social Inequality and Social

question 23

Multiple Choice

Henry George believed that the root of social inequality and social injustice lay in

• A) stock speculators and financiers who manipulated the price of real goods and services.
• B) labor unions that artificially drove up the prices of wages and therefore goods.
• C) landowners who gained unearned wealth from rising land values.
• D) businesspeople who gained excessive profits by exploiting workers.
• E) patriarchal ideologies that regarded women as inferior domestic beings.

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Definitions:

Cost Accounting

The process of recording, analyzing, and tracking all of the costs associated with the production of goods or services.

Predetermined Overhead Rate

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

Overapplied Overhead

A situation in cost accounting where the allocated overhead for a period exceeds the actual overhead incurred.