Marx Argued That Once Socialism Had Triumphed,the State Would Eventually

question 5

Multiple Choice

Marx argued that once socialism had triumphed,the state would eventually

• A) become highly centralized.
• B) grow in power.
• C) grow despotic and have to be overthrown again.
• D) wither away.

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Definitions:

Job Order Cost System

An accounting system that accumulates costs for each uniquely identified job or batch, useful for customized orders.

Process Cost System

A method in accounting for assigning costs to like products, which are produced en masse and in a continual manner.

Computer Chips

Small semiconductor devices made of silicon or other materials that contain integrated circuits used in the manufacturing of electronic devices.

Process Costing

A costing method used where similar products are produced in a continuous process, assigning average costs to each unit.