The Concept of "Institution Building" Is Becoming More Prominent

question 96

Multiple Choice

The concept of "institution building" is becoming more prominent. Which of the following best describes the aim of institution building?

• A) In Canada, for example, the strengthening of existing financial institutions is key to the country's economic well- being.
• B) Canada's aid to developing countries is being focused on creating the economic institutions, such as a central bank, that are key to a country's economic growth.
• C) The rich, developed countries focus on the success of institutions that are global in nature, such as the United Nations, The World Bank and the International Monetary Fund.
• D) The rich, developed countries focus their assistance to developing countries on creating stable political infrastructures.

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Definitions:

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected (or standard) variable overhead allocated, based on activity level.

Lubricants

Substances applied to reduce friction between surfaces in mutual contact, which ultimately reduces the heat generated when the surfaces move.

Variable Manufacturing Overhead

Costs that vary with the level of production output and include expenses such as indirect materials, supplies, and utilities used in manufacturing.

Variable Overhead Efficiency Variance

The difference between the actual variable overhead incurred and the expected variable overhead based on efficient operations.