The Neoliberal Victory in Nicaragua's 1990 Presidential Elections Was Shaped

question 5

Multiple Choice

The neoliberal victory in Nicaragua's 1990 presidential elections was shaped by the

• A) failure of the Sandinista government to enact a structural adjustment program.
• B) U.S.-sponsored Contra war and a disastrous economy victimized by a U.S. embargo.
• C) corruption and mismanagement of the Sandinista regime.
• D) brilliant electoral strategy developed by Anastasio Somoza Debayle.

---

Definitions:

Labor Efficiency Variance

A measure of the difference between the actual number of labor hours used and the standard number of labor hours expected to produce a certain level of output.

Materials Quantity Variance

The financial difference between the actual quantity of materials used in production and the standard expected quantity.

Favorable

A term used to describe outcomes or variances that are positive or beneficial to a business, such as lower costs or higher revenues than expected.

Unfavorable

A term used in budgeting and variance analysis indicating costs exceeded the budget or revenue fell short.