What Effect Did World War II Have on Communism

question 22

Multiple Choice

What effect did World War II have on communism?

• A) It discredited the international communist movement and the Soviet Union.
• B) It transformed communism into a global movement committed to world peace.
• C) It allowed communism to take root in the Middle East and Africa.
• D) It enabled communist parties in Eastern Europe and China to assume power.

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Definitions:

Conversion Cost

The combined cost of direct labor and manufacturing overheads which are incurred to convert raw materials into finished goods.

Direct Materials

Initial materials specifically allocated for the making of certain goods or provision of services.

Factory Overhead

Indirect manufacturing costs not directly associated with the production of goods, such as depreciation of equipment, maintenance, and utilities.

Equivalent Units

A concept in cost accounting used to denote the amount of finished goods units that could have been produced given the total amount of production inputs.