What Two Factors Have to Be Balanced When Developing Poverty

question 32

Multiple Choice

What two factors have to be balanced when developing poverty policies?

• A) a desire to help the poor and a need for the poor to eventually become self-sufficient
• B) the desire to give as much as possible and a preference to have certain people do certain jobs
• C) the desire to give as much as possible and a desire not to be involved in how the poor spend what they are given
• D) the desire to give as much as possible and a desire to control education levels
• E) the desire to give as much as possible and a desire to control family size

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Definitions:

Released from Inventories

The process of moving goods from inventory to be used in production or to be sold, thereby reducing the inventory account.

Unit Product Cost

The total cost (both direct and indirect) to produce a single unit of a product.

Absorption Costing

A costing method that includes all manufacturing costs (direct materials, direct labor, and both variable and fixed overhead) in the cost of a product.

Variable Costing

Variable Costing is an accounting method that only considers variable costs—costs that change with production volume—in product pricing and decision-making.