Which of the Following Statements About Brazil's Semi Public Firms

question 61

Multiple Choice

Which of the following statements about Brazil's semi public firms is INCORRECT?

• A) At one time, the federal government of Brazil owned ten of the top 25 enterprises in the country.
• B) Although telecommunications have recently been largely privatized, the petroleum industry generally has not.
• C) The 1988 constitution protected the state's exclusive control over petroleum, telecommunications, and nuclear energy.
• D) One state firm, the National Bank for Economic and Social Development, is actually larger than the World Bank.
• E) State firms proliferated after 1940.

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Definitions:

Labor Efficiency Variance

A metric that assesses the difference in actual versus budgeted labor hours used, valued at the standard wage rate, to gauge workforce productivity.

Work in Process Account

An account that tracks the costs associated with partially completed goods in the manufacturing process.

Raw Materials Account

An account used to track the costs of raw materials that are purchased but not yet used in production.

Finished Goods Inventory

The stock of completed products that are ready to be sold but have not yet been purchased or distributed to customers.