If You Were Applying Modernization Theory to the Problem of Global

question 95

Multiple Choice

If you were applying modernization theory to the problem of global poverty, you might expect rich nations to aid the economic development of poor nations by

• A) assisting in population growth.
• B) increasing food consumption.
• C) increasing industrial production.
• D) decreasing industrial production.

---

Definitions:

Period Costs

Costs that are not directly related to the manufacturing process and are charged as expenses in the period they arise.

Units Sold

The total quantity of a company's product that was sold during a specified period.

Prime Cost

The total of direct materials plus direct labor expenses linked to the manufacturing of products.

Variable Cost

Costs that vary in direct proportion to changes in levels of production or sales, such as materials and labor directly involved in a product's manufacturing.