According to Marx, What Was the Expectation for the Future

question 34

Multiple Choice

According to Marx, what was the expectation for the future of the revolt of the proletariat?

• A) The revolution of the proletariat was avoidable if the wealthy would negotiate in good faith.
• B) It was desirable, because only through their own efforts and struggles would the proletariat appreciate the fruits of their labors.
• C) Marx thought the revolution was imminent, and likely to start at any moment, in any country.
• D) The revolt was hopeless, but that did not mean that they could stop trying to make things better.
• E) The proletariat revolution was inevitable, and he expected that it might well occur while he was alive.

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Definitions:

Volume Variance

The difference between the expected volume of production and the actual volume, which impacts the allocation of fixed costs in some costing systems.

Direct Labor Rate Variance

The difference between the actual costs of labor and the expected (or standard) costs, based on the hourly wage rates times the number of hours worked.

Direct Labor Time Variance

The difference between the actual hours worked by employees at the standard rate and the expected hours at the standard rate, for manufacturing a product.

Total Cost Variance

The difference between the budgeted or standard cost of production and the actual cost incurred.