The Collapse and Disintegration of the Soviet Union Was Due

question 52

Multiple Choice

The collapse and disintegration of the Soviet Union was due in large part to

• A)intense diplomatic, economic, ideological, and military competition between the superpowers.
• B)the extension of U.S. troops into Soviet satellite nations.
• C)tough speeches given by Presidents Kennedy and Reagan.
• D)an excess of resource demands on the property-poor Soviet Union.

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Definitions:

Cost Of Goods Sold

Expenses directly incurred from the manufacturing of a company’s goods for sale, such as materials and labor.

Gross Profit

The difference between revenue and the cost of goods sold before deducting operating expenses, interest, and taxes.

Perpetual Inventory System

An inventory management system that updates inventory records for each purchase and sale in real time.

Cost Of Goods Sold

The total expenses directly related to the production of goods sold by a company, including material and labor costs.