George Ayittey Blames the Current Problems of Sub-Saharan African Societies

question 61

Multiple Choice

George Ayittey blames the current problems of sub-Saharan African societies primarily on their internal characteristics. Which of these does he emphasize most strongly?

• A) tribal conflicts
• B) primitive religious traditions
• C) dictatorial "vampire states" whose corrupt leaders enrich themselves at the expense of the mass of the population
• D) outmoded technology

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Definitions:

Units Produced

The total number of finished products that a company manufactures during a specific period.

Variable Costing

A method of costing that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in the cost of goods sold and treats fixed manufacturing overhead as a period expense.

Absorption Costing

A method of accounting that encompasses all costs involved in manufacturing, including direct materials, direct labor, and both variable and fixed manufacturing overhead, as part of a product's cost.

Net Operating Income

The profit a company makes from its core business operations, excluding deductions of interest and taxes.