All of the Following Describe the Current State of World

question 67

Multiple Choice

All of the following describe the current state of world languages EXCEPT:

• A) a few languages have become dominant.
• B) there are fewer than 1000 spoken languages left on Earth.
• C) some languages are spoken by only a few dozen people.
• D) many languages have several dialects.

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Definitions:

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity, providing a more accurate comparison to actual results.

Standard Costing

An accounting method where predetermined costs are used for valuing inventory and cost of goods sold, facilitating variance analysis to control costs.

Variable Overhead

Costs that change in proportion to the level of manufacturing or service activities, such as materials and utilities.

Labour Efficiency Variance

It measures the effectiveness of labor usage by comparing the budgeted hours for a set level of production against the actual hours worked, indicating efficiency or inefficiency in labor use.