According to Jared Diamond, Historically, Which of the Following Factors

question 64

Multiple Choice

According to Jared Diamond, historically, which of the following factors can account for uneven development around the world?

• A) underdeveloped nations coming into contact with colonizers having superior technology
• B) developed nations having values consistent with production, competition, and profit
• C) early domestication of plants and animals, geographic factors, resistance to disease
• D) early evolution of writing, astronomical insights, and mathematical accounting

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Definitions:

Unit Product Cost

The total cost to produce a single unit of product, including direct materials, direct labor, and allocated overhead, crucial for pricing and profitability analysis.

Variable Costing

A costing method that includes only variable costs (costs that change with production volume) in product costs and treats fixed costs as period costs.

Unit Product Cost

The total cost assigned to a single unit of product, encompassing direct materials, direct labor, and manufacturing overhead.

Variable Costing

A costing method that includes only variable manufacturing costs—direct materials, direct labor, and variable manufacturing overhead—in product costs.