Occupy Wall Street (OWS) Was an Attempt to Draw Attention

question 26

Multiple Choice

Occupy Wall Street (OWS) was an attempt to draw attention to the inequalities of wealth and income in the United States. Despite the use of disruptions that promoted conflict and, in a few cases, some violent actions, the OWS effort as a social movement can be distinguished from a revolution due to:

• A) an absence of violence as a means to effect a major change
• B) the failure on the part of the movement to effect lasting change
• C) the willingness of the government and police to stop the protestors
• D) the speed with which OWS became an institution

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Definitions:

Fixed Manufacturing Overhead

Costs in the manufacturing process that do not vary with the volume of production, such as salaries of managers and depreciation of factory equipment.

Volume Variance

The difference between the expected volume of units produced or sold and the actual volume, affecting cost allocations in budgeting.

Predetermined Overhead Rate

An estimated charge per unit of activity used to allocate manufacturing overhead costs to products, calculated at the beginning of a period based on expected costs and activity levels.

Variable Component

A portion of a cost or expense that varies directly with the level of activity or volume, such as the amount of raw materials used in production.