Which of the Following Countries Experienced Hyperinflation After World War

question 117

Multiple Choice

Which of the following countries experienced hyperinflation after World War II?

• A)Japan
• B)Germany
• C)Canada
• D)United Kingdom

---

Definitions:

Absorption Costing

An accounting method that includes all manufacturing costs (direct materials, direct labor, and both variable and fixed overhead) in the cost of a product.

Variable Costs

Additional costs incurred when unit production increases. Variable costs per unit usually are assumed not to vary with volume.

Inventory Costing Method

A system used to value inventory, often involving methods such as First-In, First-Out (FIFO) or Last-In, First-Out (LIFO).

Step-fixed Costs

Costs that remain constant for a certain level of activity, but can change when a new activity level is reached.