Which of the Following Is NOT a Likely Reason for Global

question 15

Multiple Choice

Which of the following is NOT a likely reason for global sea level change in the Proterozoic?

• A)changes in the volume of water in the Earth system
• B)changes in the capacity of ocean basins
• C)tectonic events that cause continental land masses to rise or fall
• D)the formation of large amounts of glacial ice

---

Definitions:

Cost of Goods Sold

The direct costs attributable to the production of goods sold by a company, including materials and labor.

Direct Costing

A costing method where only variable manufacturing costs are assigned to inventory and cost of goods sold, with fixed manufacturing overhead treated as a period cost.

Variable Costing

An accounting method that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in the cost of goods sold, with fixed overhead costs treated as period expenses.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold in a company, including both materials and labor costs.