During the 1920s and 1930s,interest in Pursuing an Isolationist Foreign

question 37

Multiple Choice

During the 1920s and 1930s,interest in pursuing an isolationist foreign policy

• A) led the United States to give up its membership in the World Court.
• B) seemed to grow in the U.S. as it became apparent that Italy would invade Ethiopia.
• C) led the U.S. Senate to assert that no single nation was a threat to world peace.
• D) was strongly supported by President Franklin Roosevelt.
• E) declined after the investigations chaired by Senator Gerald Nye of North Dakota.

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Definitions:

Idle Capacity

Unused or underutilized resources within a business, often indicating inefficiency, where machinery, space, or labor is not being employed to full capacity.

Variable Overhead Cost

Costs that vary with the level of production output, such as supplies and utilities for manufacture.

Variable Costing

An accounting method that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in the cost of goods sold, excluding fixed overhead costs.

Absorption Costing

A cost accounting method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overhead - as part of the cost of a finished product.