What Was the Main Criticism of "Modernization Theory

question 37

Multiple Choice

What was the main criticism of "modernization theory"?

• A) It assumed that Western Europe and the United States represented models of development that less-developed countries (LDCs) should follow.
• B) It asserted the superiority of traditional social values in the achieving economic and political development.
• C) It assumed that political change would have to occur before economic modernization could take place.
• D) It advocated retaining colonial institutions in the process of economic modernization.

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Definitions:

Machine Hour

A measure of production time, indicating the hours a machine is in operation.

Activity-Based Costing

A costing methodology that assigns overhead and indirect costs to related products and services based on the activities they require.

Overhead Cost

The ongoing expenses of operating a business that are not directly tied to the production of goods or services, such as rent and utilities.

Product Line

A group of related products under a single brand sold by the same company.