One of the Main Reasons That India and China Failed

question 24

Multiple Choice

One of the main reasons that India and China failed to develop a strong network of trade between their two regions was ____ in nature.

• A) geographic
• B) political
• C) religious
• D) cultural
• E) fear of the unknown

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Definitions:

Flexible Budget Performance Report

A report comparing actual operating results to a budget that adjusts with changes in the volume of activity.

Contribution Margin

The difference between sales revenue and variable costs, indicating how much revenue is contributing to fixed costs and profit.

Fixed Budget

A budget that remains constant, regardless of changes in the volume of activity, sales, or other factors.

Direct Materials Quantity Variance

The difference between the actual amount of materials used in production and the expected amount.