Which of the Following Best Describes Exchanges Rates That Are

question 217

Multiple Choice

Which of the following best describes exchanges rates that are determined by the demand and supply foreign exchange in the absence of official intervention?

• A)floating exchange rates
• B)the gold standard
• C)target zones
• D)the Bretton Woods system

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Definitions:

Direct Labor-Hour

A measure of the labor time spent directly on the production of goods or services, often used as a basis for allocating labor costs to products.

Manufacturing Overhead

All manufacturing costs that are not directly associated with the production of a product, including costs for indirect materials, indirect labor, and other indirect expenses.

Casting Department

The Casting Department in a manufacturing setting is where raw materials are poured into molds to form parts or products through the casting process.

Predetermined Overhead Rate

An estimated rate used to allocate manufacturing overhead costs to individual products based on a certain activity.