Modernization Theory Suggests That in the 1500s Societies of the Global

question 61

Multiple Choice

Modernization theory suggests that in the 1500s societies of the Global South were undeveloped.Which of the following can be said about this belief?

• A) Much of the Global South was developed but not nearly so much as the north.
• B) Many superior societies existed in the south but they had all disappeared by the 1500s.
• C) Areas from China,the Middle East,Africa,and South America were underdeveloped.
• D) The notion is a socially constructed fiction perpetrated in the developed world.

---

Definitions:

Variable Cost

Costs that vary directly with the level of production or sales, such as raw materials and direct labor.

Ample Capacity

A situation where a company has enough or more than enough capacity to meet its current production or operation needs.

Transfer Price

The price at which goods and services are sold between divisions within the same company or between controlled or related entities.

Direct Materials

Raw materials that are directly attributable to the product being manufactured and are a significant component of its cost.