All Except Which of the Following Were Negative Results of the Exploration

question 29

Multiple Choice

All except which of the following were negative results of the exploration and discovery era?

• A)Millions of Africans were enslaved and transported to other parts of the world.
• B)Warfare, slavery, and disease killed millions of Indians.
• C)Many plants native to the Americas were displaced by European imports.
• D)The Asian nations of China, India, and Japan became the wealthiest and most powerful countries in the world.
• E)European animals overran American rivals.

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Definitions:

Labor Efficiency Variance

The difference between the actual labor hours used and the standard hours expected for the level of production achieved.

Direct Labor

The cost of workers who are directly involved in the production of goods or the delivery of services.

Standard Cost System

An accounting method that assigns predetermined costs to products and services, which are then compared to actual costs to measure performance.

Labor Rate Variance

The difference between the actual cost of labor and the budgeted or standard cost of labor, used as a measure of performance in cost control.