From the Text,which of the Following Is an Explanation of Why

question 165

Multiple Choice

From the text,which of the following is an explanation of why emerging adults in Europe have a low rate of political participation?

• A)They are not granted the right to vote until age 30.
• B)Younger individuals are not exposed to and taught the political system.
• C)They possess low levels of trust in political authorities and the political system.
• D)Democracy and freedom are new to many European countries.

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Definitions:

Variable Costing

A method of accounting that encompasses only the variable costs of production, such as direct materials, direct labor, and variable overhead, in the computation of product costs.

Net Income

The net earnings of a business once all costs and taxes are subtracted from its total income.

Variable Costing

An accounting method that only includes variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs, with fixed overhead treated as a period expense.

Absorption Costing

An accounting method that includes all manufacturing costs (fixed and variable) in the cost of a product.