Which of the Following Statements Concerning Postwar Great Britain Is

question 24

Multiple Choice

Which of the following statements concerning postwar Great Britain is FALSE?

• A)The National Insurance Act and National Health Service Act made Britain a welfare state in the 1940s.
• B)Britain suffered from losing its prewar colonial revenues.
• C)By the Suez Canal debacle, Britain was no longer a superpower.
• D)The British economy lagged behind that of several other Western European nations.
• E)The Conservative party in the 1950s and 1960s revoked nearly all of the welfare legislation passed by the Labour party in the 1940s.

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Definitions:

Servicing Customers

The process and practice of providing support, service, and assistance to customers or clients.

Direct Labor Time

The amount of time that workers directly involved in the production process spend on the manufacture of products, critical for costing and efficiency analysis.

Automated Production Line

A sequence of automated machines and workstations arranged to efficiently manufacture a product.

Activity-Based Costing

A pricing strategy that pinpoints various tasks within a company and allocates the expenses of each task to every product and service based on their real usage.