Discuss What the UN Authorization to Use Force in Response

question 70

Essay

Discuss what the UN authorization to use force in response to Iraq's 1990 invasion of Kuwait called for. Explain whether the course of military action led by the United States in the First Gulf War was consistent with that.

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Definitions:

Variable Costing

Variable Costing is an accounting method that only assigns variable costs to inventory, treating fixed costs as period expenses.

Contribution Margin

The amount remaining from sales revenue after variable costs have been deducted, indicating how much contributes to covering fixed costs.

Total Gross Margin

This is the difference between sales revenue and the cost of goods sold, before deducting administrative and selling expenses.

Absorption Costing

An accounting method that includes both variable and fixed production costs in the cost of goods sold.