Which of the Following Was a Result of the Second

question 31

Multiple Choice

Which of the following was a result of the Second World War?

• A) The United States became more deeply committed to international affairs.
• B) Germany occupied Poland until 1962.
• C) Japan became a communist country.
• D) Britain's empire expanded in Africa and Asia.
• E) The United States suffered greater losses than the other major Allies.

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Definitions:

FIFO Process Cost Method

A method of inventory costing that assumes the first units produced or purchased are the first ones used or sold, standing for "First-In, First-Out."

Finished Goods

Products that have completed the manufacturing process and are ready to be sold to customers.

Work In Process

Partially finished goods that are in various stages of production in a manufacturing company's inventory.

Direct Materials

Raw materials that are directly traceable and contribute to the finished product in a manufacturing process.