Which of the Following Is Most Likely a Reason for the Emergence

question 30

Multiple Choice

Which of the following is most likely a reason for the emergence of the modern state in Europe rather than elsewhere?

• A) the absence of significant internal geographic boundaries
• B) the guidance of the Roman Empire in government formation
• C) the presence of impressive farming and war-making technologies
• D) the collapse of the Roman Empire and the rise of a form of organized crime

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Definitions:

Ending Finished Goods

Ending Finished Goods are the inventory of completed products that are available for sale at the end of an accounting period.

Net Operating Income

This is the profit a company makes from its operations, after all operating expenses have been subtracted from revenues but before taxes and interest are deducted.

Contribution Margin

The amount remaining from sales revenue after variable expenses have been deducted, indicating how much revenue is contributing to fixed expenses and net income.

Variable Costing

An accounting method that only considers variable costs (costs that vary with the level of output) when calculating the cost of goods sold and production.