Democracy Functions Best When

question 40

Multiple Choice

Democracy functions best when

• A)less than a majority of citizens vote in every election.
• B)citizens are informed.
• C)all candidates for office are highly educated.
• D)all candidates for office are wealthy.

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Definitions:

Direct Method

A way of allocating service department costs directly to the producing departments without considering services rendered between service departments.

Comparative Balance Sheet

A financial statement that presents the financial position of a company at different points in time side-by-side for comparison.

Cost Of Goods Sold

The immediate expenses linked to the manufacturing of products sold by a business, comprising costs for materials and labor.

Direct Method

An approach in cost accounting that traces costs directly to cost objects without distributing indirect costs.