What Was the Primary Purpose of the Articles of Confederation

question 61

Multiple Choice

What was the primary purpose of the Articles of Confederation?

• A) to dictate how states could interact with one another
• B) to formally declare independence from Great Britain
• C) to establish a government to guide the colonies through the war
• D) to appeal to foreign nations for assistance during the war

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Definitions:

Direct Labor Efficiency Variance

The difference between the budgeted amount of direct labor required to produce an output and the actual direct labor used.

Favorable

A term used in budgeting and finance to indicate results that are better than expected, such as lower costs or higher revenues.

Unfavorable

A term used to describe outcomes or variances that negatively impact financial performance or expectations.

Unfavorable Variances

Occurrences when actual costs exceed budgeted or expected costs, indicating a potential need for management action to address inefficiencies.