The World Bank's Emphasis Has Recently Shifted from Helping to Build

question 122

Multiple Choice

The World Bank's emphasis has recently shifted from helping to build the infrastructure of developing countries to:

• A)purchasing food for the population
• B)building highways, schools, and hospitals
• C)developing new agricultural techniques
• D)offering loans to help to relieve their debt burden
• E)expansion of local product lines for more exporting

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Definitions:

Activity-Based Costing

A costing method that assigns overhead and indirect costs to related products and services based on the activities that generate the costs.

Direct Labor-Hours

It measures the total hours worked by employees directly involved in manufacturing a product.

Activity-Based Costing

A method of costing that identifies activities in an organization and assigns the cost of each activity to all products and services according to the actual consumption.

Activity Rates

Predetermined rates used in activity-based costing to allocate costs to products or services based on specific activities undertaken.