What Is True About Systems of Class and Inequality

question 56

Multiple Choice

What is true about systems of class and inequality?

• A) They no longer exist in postindustrialized nation-states such as the United States.
• B) They create an unequal distribution of a society's resources.
• C) They are a natural feature of human culture.
• D) They are most often exemplified by hunter-gatherer societies.

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Definitions:

Standard Cost

A predetermined cost of manufacturing, storing, and selling a product, used as a benchmark to measure actual performance and budgeting.

Overhead Controllable Variance

The difference between the actual overhead costs incurred and the budgeted amounts that could be controlled or influenced by management.

Overhead Volume Variance

The difference between the budgeted overhead costs based on standard production volumes and the actual overhead costs incurred due to changes in production activity levels.

Standard Overhead Cost

The predetermined rate of allocating fixed and variable overhead expenses to goods or services produced.