The Policy of Restructuring the Economy of the Soviet Union

question 80

Multiple Choice

The policy of restructuring the economy of the Soviet Union as authorized by Mikhail Gorbachev was known as

• A) perestroika.
• B) glasnost.
• C) samizdat.
• D) kulak.
• E) tanzimat.

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Definitions:

Production Budget

An estimate of the number of units that must be produced during a period to meet expected sales demand and to satisfy ending inventory requirements.

Raw Materials

These are the basic, unprocessed inputs used in manufacturing to produce finished goods.

Selling and Administrative Expense Budget

A detailed plan that estimates the expenses related to selling products and managing the business.

Fixed Costs

Costs that remain constant regardless of the amount of output or sales.