To Deal with the Problem of Factions,James Madison Proposed

question 71

Multiple Choice

To deal with the problem of factions,James Madison proposed:

• A) controlling them through a separation of powers
• B) controlling them by prohibiting citizens from taking certain actions
• C) reducing factions by encouraging citizens to have the same interests
• D) eliminating factions through limits on individual liberties
• E) eliminating factions through limits on state governments

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Definitions:

Fixed Costs

Expenses that do not change with the level of output or sales over a short period, such as rent, salaries, and insurance.

Variable Costing

An accounting method that only assigns variable costs to inventory, with fixed manufacturing overhead expenses charged to expense as incurred.

Variable Costing

An accounting method that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs.

Absorption Costing

A bookkeeping approach that encompasses all production expenses, including both constant and fluctuating costs, in the price of a good.