Which of the Following Is Most Likely to Result in an Increase

question 6

Multiple Choice

Which of the following is most likely to result in an increase in crony capitalism?

• A) a reduction in entry barriers and an increase in the competitiveness of markets.
• B) an increase in government spending and growth of government regulation
• C) a reduction in the size of government
• D) an increase in the share of the population voting in elections

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Definitions:

Machine-Hours

A measurement of the amount of time a machine is operated, used in allocating costs or determining production levels.

Molding

The process of shaping a pliable raw material by using a rigid frame or model called a mold.

Assembly

The process of putting together various components or pieces to build a finished product.

Predetermined Overhead Rate

A rate calculated before the accounting period begins, used to estimate the cost of manufacturing overhead for a specific activity base.