A Cause of Increased Social Inequality Is __________

question 20

Multiple Choice

A cause of increased social inequality is __________.

• A)privatization in the former USSR
• B)the transition from foraging to settled ways of making a living
• C)the emergence of agriculture
• D)all of the above
• E)none of the above

---

Definitions:

Work in Process Inventories

Items in a manufacturing process that are not yet completed products, including raw materials, labor, and overhead costs.

Standard Cost Variances

refer to the differences between the expected (standard) costs and the actual costs incurred.

Standard Cost System

A cost accounting system that assigns expected costs to each product or service, facilitating variance analysis between expected and actual costs.

Direct Labor Cost

The sum of all expenses associated with labor that is directly used in the creation of products or services.