Which of the Following Statements Is True of the Council

question 32

Multiple Choice

Which of the following statements is true of the Council of Ministers of the European Union (EU) ?

• A) It coordinates the policies of the member states in a variety of areas from economics to foreign affairs.
• B) It is composed of elected representatives from the six most powerful European countries.
• C) It decides the nature and parameters of EU law.
• D) It is the only institution of the EU that has control over the annual budget of the EU.
• E) It plays an active role in drafting legislation that has an impact on the daily lives of its citizens.

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Definitions:

Quantity Standard

A specific measure established to gauge the expected or optimal quantity of input required to produce a unit of output.

Price Standard

A pre-determined cost per unit of input or output, used for setting budgets and measuring performance.

Variable Overhead Efficiency Variance

Variable overhead efficiency variance is a metric used to measure the difference between the expected (standard) and actual use of variable overhead resources in production.

Standard Machine-Hours

A predetermined measure of how much machine time is expected for a task, used in cost accounting.