According to the Text, Which of the Following Is Not

question 30

Multiple Choice

According to the text, which of the following is not considered a possible reason for the decline in our political system?

• A) the decline of the United States as an economic superpower
• B) partisan gridlock that holds up policies moving through it
• C) weak candidates for high office
• D) the death of capitalism
• E) the rights of certain racial and ethnic groups being slowly taken away

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Definitions:

Total Costs

The sum of all expenses incurred in the production of goods or services, including direct and indirect costs, both variable and fixed.

Step-Down Method

A method of allocating costs whereby one service department’s cost is allocated to all remaining service departments and operating departments, and so on, until all service department costs are allocated to final products.

Death Spiral

A situation occurring when transfer prices include fixed costs and users reduce their use of the internal product or service. This further increases the transfer price (based on average cost) and more users reduce their demand.