The Austrian Ruler Whose Reform Program Abolished Serfdom, Eliminated Internal

question 34

Multiple Choice

The Austrian ruler whose reform program abolished serfdom, eliminated internal trade barriers, and instituted a new penal code, among other things, was

• A) Adolf III.
• B) Maria Theresa.
• C) Joseph II.
• D) Frederick the Great.
• E) Charles VI.

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including the cost of the materials and labor directly used to create the good.

Material

Substantial or significant; in accounting, referring to an amount that would influence the decision of an informed user.

Labor

The human effort (physical or mental) contributed to the production of goods and services.

Overhead

Overhead refers to the indirect costs associated with running a business, such as rent, utilities, and administrative expenses, that are not directly tied to the production of goods or services.