The Countries Which Attained Their Independence from Britain in 1948

question 46

Multiple Choice

The countries which attained their independence from Britain in 1948 and from the Netherlands in 1950, respectively, were

• A) Malaysia and New Zealand.
• B) Pakistan and Myanmar.
• C) India and Sri Lanka.
• D) Laos and Burma.
• E) Burma and Indonesia.

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Definitions:

Fixed Cost

Expenses that do not change in total over a certain range of activity levels or time periods, such as rent, salaries, and equipment leases.

Administrative Expense

Costs associated with the general administration of a business, including salaries of senior executives, legal and financial fees, and other general expenses.

Fixed Cost

Overheads that are not affected by the volume of production or sales, covering rent, employee salaries, and insurance fees.

Ending Inventory

Ending inventory refers to the final value of goods available for sale at the end of an accounting period.