A Disparity in Income,wealth,power,prestige,or Another Resource Is Referred to as ______

question 28

Multiple Choice

A disparity in income,wealth,power,prestige,or another resource is referred to as ______.

• A)social stratification
• B)social inequality
• C)class differences
• D)class status

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Definitions:

Budgeted Cost Systems

Accounting systems that use budgets to project the costs of operating a business, typically used for planning and control purposes.

Standards

Established requirements, specifications, guidelines, or characteristics to be used consistently to ensure that materials, products, processes, and services are fit for their purpose.

Product Costs

Direct costs attributable to the creation of a product, including direct labor, materials, and manufacturing overhead.

Cost Standards

Cost standards refer to pre-determined costs for products, operations, or projects, used as benchmarks for measuring actual performance or costs.