Use the Following to Answer Questions

question 48

Multiple Choice

Use the following to answer questions:
Select the word or phrase from the Terms section that best matches the definition or example provided in the Definitions section.
Terms
-Form of imperial dominance based on control of trade rather than on control of subject peoples.

• A)Indian Ocean commercial network
• B)trading post empire
• C)Philippines (Spanish)
• D)British/Dutch East Indian companies
• E)Tokugawa shogunate
• F)"silver drain"
• G)Potosí
• H)soft gold
• I)African diaspora
• J)Benin
• K)Dahomey
• L)Ayuba Suleiman Diallo

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Definitions:

Absorption Costing

Definition: An accounting method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - in the cost of a product.

Inventory

Inventory refers to raw materials, work-in-process, and finished goods that are held by a company in anticipation of eventual sale.

Controllable Costs

For a level of management, the costs that can be influenced (increased, decreased, or eliminated) by management at that level.

Management

The process of dealing with or controlling things or people, often within a business or organization.