One of the Main Purposes of the Regular Reallocation of Land

question 29

Multiple Choice

One of the main purposes of the regular reallocation of land every few years during the Tang Dynasty was

• A) to ensure good land for the nobility.
• B) to ensure good land for the peasants.
• C) to make allowance for changes in the population distribution.
• D) to tame the landed nobility.
• E) to make sure the tenant peasants would remain on the land and produce food for urban workers.

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Definitions:

Master Budget

A number of separate but interdependent budgets that formally lay out the company’s sales, production, and financial goals and that culminates in a cash budget, budgeted income statement, and budgeted balance sheet.

Sales Budget

A financial plan detailing the anticipated revenues based on projected sales for a specific period, often used for planning and controlling purposes.

Operating Budget

An estimate of income and expenditure for a set period of time.

Production Budget

An estimate of the total cost of production, including materials, labor, and overhead, for a specific period.