Kinship and free association are
A. structures for political action.
B. social structures used to develop marketing programs.
C. levels of the Masons found in Europe but not the U.S.
D. social institutions found in all societies and categorized by the conditions of their formation.
Answer: D
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An error was made in the computation of the stage of completion of the current year's ending work in process inventory. The error resulted in assigning a lower stage of completion to each component of the inventory than actually was the case. What is the resultant effect of this error upon: (1) The computation of equivalent units in total? (2) The computation of costs per equivalent unit? (3)
Costs assigned to cost of goods completed for the period? (1) (2) (3) a. Understate Overstate Overstate b. Understate Understate Overstate c. Overstate Understate Understate d. Overstate Overstate Understate
The cost of production report reports the cost of the goods sold
Indicate whether the statement is true or false
Match the following terms with the appropriate definition.
A. A notification that informs the seller of a debit made to the seller's account payable in the buyer's records. B. The calculation of net sales less cost of goods sold. C. The description of the amounts and timing of payments from a buyer to a seller for a purchase. D. A notification that informs a buyer of a seller's credit to a buyer's account. E. An inventory accounting method that continually updates accounting records for inventory available for sale and inventory sold. F. A cash discount granted from the view of the seller, indicated in the credit terms on the invoice. G. The time period in which reduced payment can be made by the buyer because of a cash discount offered by a seller of goods on credit. H. The amount of time allowed before full payment is due. I. A cash discount granted, from the view of the purchaser intended to encourage buyers to pay amounts owed earlier. J. An inventory accounting method that updates the accounting records for merchandise transactions only at the end of a period.
Which of the following statements about Social Security disability benefits is true?
A) Benefits replace ninety percent of a disabled person's work earnings. B) A waiting period is not required for Social Security disability benefits. C) Social Security disability benefits are limited to a maximum duration of 60 months. D) A strict definition of disability is used in the Social Security program.