Throughout the Middle Ages, Attempts by Central Governments to Develop

question 30

Multiple Choice

Throughout the Middle Ages, attempts by central governments to develop loyal administrators at local levels were often based on grants and favors and tended to fail because ________.

• A) external attacks kept governments from focusing on local issues
• B) administrators became autonomous
• C) the church held sway over the populace
• D) of problems with the rights of succession

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Definitions:

Raw Materials Inventory

Items acquired for the purpose of processing into finished goods.

Finished Goods

Products that have completed the manufacturing process but have not yet been sold to customers.

LIFO Inventory Method

An inventory valuation method that assumes the last items placed in inventory are the first sold during an accounting period; stands for Last-In, First-Out.

Inventory Costing Methods

Techniques used to assign costs to inventory items, such as First-In, First-Out (FIFO), Last-In, First-Out (LIFO), and weighted average cost.