Which Is True of the South in the First Half

question 76

Multiple Choice

Which is true of the South in the first half of the nineteenth century?

• A) It was increasingly urban, with half of the nation's ten largest cities.
• B) It produced about half of the nation's manufactured goods.
• C) It had far fewer European immigrants than the North did.
• D) It benefited from a boom in railroad development, which eventually connected even small towns with one another.
• E) Its banks, most with home offices in the North, refused to lend money to plantation owners.

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Definitions:

Budget Variance

Budget variance is the difference between the budgeted or planned financial activity and the actual financial performance.

Fixed Manufacturing Overhead

Costs associated with production that do not change with the level of output, such as rent, salaries, and equipment depreciation.

Budget Variance

Budget variance is the difference between the budgeted or planned amount of expense or revenue and the actual amount incurred or earned.

Standard Cost System

An accounting framework where predetermined costs are used for valuing inventories and measuring cost variances.