Alex Believes That People Who Are Poor Are Lazy and Do

question 44

Multiple Choice

Alex believes that people who are poor are lazy and do not want to work.He argues that anyone can be rich if they simply work hard enough.What concept defines the argument he is making?

• A)singularity
• B)equal opportunity
• C)individualism
• D)meritocracy

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Definitions:

Direct Materials Used

The raw materials directly utilized in manufacturing a product, which are a component of the cost of goods sold.

Direct Labor

The labor costs directly tied to the production of goods or services, including wages for workers who physically manufacture products.

Manufacturing Overhead

All indirect costs associated with the manufacturing process, including but not limited to utilities, rent, and salaries for non-direct labor.

Advertising Expense

Costs incurred by a company to promote its products, services, or brand, including media buys, production, and creative services.