Which of the Following Is a Reason for the Pressure

question 26

Multiple Choice

Which of the following is a reason for the pressure for greater protectionism that occurred during the 1980s and early 1990s?

• A) The U.S. Congress erected an enormous wall of tariff barriers.
• B) Japanese economic failure strained the world trading system.
• C) The persistent trade surplus in the United States strained the world trading system.
• D) Many countries found ways to get around GATT regulations.

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Definitions:

Direct Labor

The wages of employees directly involved in the production of goods or services, considered a variable cost.

Activity Level

Activity level refers to the volume of production or operations in a business. It is a determinant in both variable costing and activity-based costing, impacting how costs are allocated and managed.

Spending Variance

The difference between the budgeted amount of expenses and the actual amount spent.

Direct Materials

Raw materials that are directly traceable to the production of specific goods or services and are a part of the finished product.