According to Kottak, What Is a Common Problem for International

question 3

Multiple Choice

According to Kottak, what is a common problem for international development projects?

• A)They lack an intervention philosophy.
• B)They often assume the best way to increase production and income is through industrialization.
• C)They tend to use local cultural models and processes rather than the more advanced Western models.
• D)They frequently make unnecessary attempts to extend indigenous lifestyles that are already obsolete.
• E)They overemphasize the needs of local communities.

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Definitions:

Markup Percentage

The proportion added onto the purchase price of goods to accommodate for overhead costs and gain profit.

Product Cost Method

An accounting technique that assigns all costs associated with production to the products, including materials, labor, and overhead.

Variable Cost Method

An accounting method that allocates costs to goods produced based on variable costs, which change with the level of production.

Markup Percentage

Markup percentage is a financial ratio that calculates the difference between the cost of a good or service and its selling price, expressed as a percentage over the cost.