Which of the Following Statements About the Washington Consensus Is

question 1

Multiple Choice

Which of the following statements about the Washington Consensus is accurate?

• A) In the 1980s it began to encourage countries to increase state power.
• B) In the 1980s it began to encourage countries to limit regulation.
• C) In the 1980s it began to encourage countries to restrict private industry.
• D) In the 1980s it began to encourage state governments to relax the rule of law.

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Definitions:

Activity-Based Costing

A costing methodology that assigns overhead and indirect costs to related products and services based on the activities they require.

Overhead Cost

The ongoing expenses of operating a business that are not directly tied to the production of goods or services, such as rent and utilities.

Product Line

A group of related products under a single brand sold by the same company.

Facility Level Activity

Operations and processes that support the overall functioning of a facility, but are not directly tied to the production of goods or services.