Chiang Kai-Shek's Failure to Modernize China Included All of the Following

question 8

Multiple Choice

Chiang Kai-shek's failure to modernize China included all of the following except

• A) the impact of the Great Depression.
• B) Chiang's unwillingness to consider any major economic or social reforms.
• C) the incursion of Japanese military and political forces in the north.
• D) too much of the wealth went into the hands of too few persons.
• E) political repression and censorship.

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Definitions:

Fixed Production Cost

Costs associated with the production process that remain unchanged, regardless of the quantity of output.

Variable Selling Expense

Costs that vary directly with the volume of sales, such as commissions and shipping charges.

Shipping Costs

Expenses associated with the transportation of goods from the supplier to the point of sale or end-user.

Contribution Margin

The amount remaining from sales revenues after all variable expenses have been deducted.