Which of the Following Is a Reason for the Enormous

question 52

Multiple Choice

Which of the following is a reason for the enormous economic development of the United States in the nineteenth and twentieth centuries?

• A) the insertion of the US colonies into several triangular trades
• B) the enormous amount of land and natural resources
• C) the creation of a "megastate" after the end of the Civil War
• D) all of these

---

Definitions:

Materials Standards

Predetermined benchmarks for the cost and quantity of materials used in the production process.

Materials Price Variance

The difference between the actual cost of materials and the expected (or standard) cost, indicating how efficiently materials are being purchased.

Standard Price

A predetermined price that a company aims to pay for materials, labor, and other costs, used for budgeting and performance evaluation.

Raw Material

The basic material from which a product is made, typically unprocessed or minimally processed before being used in manufacturing processes.