The Collapse of Russia's Tsarist Regime in March 1917 Was

question 72

Multiple Choice

The collapse of Russia's tsarist regime in March 1917 was aided by all of the following except

• A)the leadership of the Mensheviks in forming the new Provisional Government.
• B)a general strike in Petrograd.
• C)the wartime casualties due to incompetent military leadership and poor equipment.
• D)strife in the ruling dynasty as evidenced by the influence of Rasputin, "the mad monk."
• E)the incompetent political leadership of Nicholas II.

Understand the procedures and significance of controlling cash receipts and payments.

Recognize the use and purpose of a voucher system in internal controls.

Understand basic bank services and their roles in controlling cash.

Recognize the purpose and process of a voucher system in controlling cash payments.

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Definitions:

Long-run Average Total Cost

The long-run average total cost is the per-unit cost of production when all inputs can be adjusted, reflecting the most cost-efficient scale of operation.

Long-run Total Costs

The total costs incurred by a firm when all inputs are variable and can be adjusted.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output.

Long-run Average Total Cost

The average cost per unit of output when all inputs, including capital, are variable, analyzed over a period when all factors of production can be adjusted.