The Origins of the Idea of Collective Security as a Basis

question 35

Multiple Choice

The origins of the idea of collective security as a basis of international peace can be traced to

• A)Ancient Greece.
• B)the Middle Ages.
• C)the nineteenth century.
• D)the twentieth century.
• E)the twenty first century.

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Definitions:

Overhead Controllable Variance

Overhead controllable variance refers to the difference between expected controllable overhead costs and the actual costs directly managed by a department or manager.

Overhead Volume Variance

A measure used to evaluate the difference between expected and actual overhead costs, based on the volume of goods produced.

Materials Price Variance

The difference between the actual cost of materials used in production and the standard cost that was expected or budgeted.

Materials Quantity Variance

The difference between the actual amount of materials used in production and the standard amount expected, measured in terms of cost.