Which of the Following Best Characterizes the History of Development

question 73

Multiple Choice

Which of the following best characterizes the history of development projects in the years since independence?

• A)They have generally not been successful.
• B)After a poor start,their success improved dramatically in the mid 1960s.
• C)They were highly successful until the end of the Cold War but have generally failed since that time.
• D)They have been highly successful in Latin America and Africa but failed elsewhere in the world.
• E)Though there have been a few failures,development efforts have generally been highly successful.

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Definitions:

Manufacturing Overhead Control

This involves managing and recording all indirect production costs associated with manufacturing operations, including utilities, maintenance, and equipment depreciation.

Backflush Accounting

A simplification of the accounting system by eliminating the accumulation and transfer of product costs by departments (intermediate departmental work in process accounts), but instead pulls the material and conversion costs directly to finished goods.

Work in Process Inventories

Items in various stages of production but not yet completed, representing a component of a manufacturer's inventory.

Lean Practices

A systematic method for waste minimization within a manufacturing system without sacrificing productivity, focusing on adding value and reducing work that is not of value.