The Fall of Communism in Czechoslovakia Came with

question 15

Multiple Choice

The fall of communism in Czechoslovakia came with

• A) the televised execution the dictator and his wife
• B) the breakup of the ethnically diverse population into multiple states
• C) civil war and ethnic cleansing
• D) the peaceful resignation of the Communist leadership, in a bloodless or "velvet" revolution

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Definitions:

Spending Variance

The difference between the actual amount of money spent and the budgeted or expected amount in cost accounting, often related to manufacturing costs.

Supplies Costs

The amount spent on obtaining various materials and goods necessary for the operation of a business.

Occupancy Expenses

Costs associated with occupying a physical space or property, including rent, utilities, property taxes, and maintenance costs.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels, allowing for more accurate financial planning and analysis.