Why Did a New Generation of Social Theories Emerge in the 1960s

question 54

Multiple Choice

Why did a new generation of social theories emerge in the 1960s and early 1970s?

• A)in response to new data collection methods developed at the time
• B)in response to a resurgence of Marxist scholarship at the time
• C)in response to the social movements of the time
• D)in response to the threat of communist infiltration at the time

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Definitions:

Net Markdowns

The reduction in the selling price of goods, net of any subsequent increases in price, affecting the gross margin of a retail operation.

Dollar-value LIFO Retail Method

An accounting method that adjusts inventory levels using the last-in, first-out (LIFO) principle, measured in dollar value, particularly for the retail industry.

Price Index

A statistical measure that shows changes in the price level of a basket of goods and services over a period of time.

Ending Inventory

The sum value of merchandise on offer for sale upon the conclusion of an accounting term.