Which of the Following Factors Helps to Explain the Historical

question 95

Multiple Choice

Which of the following factors helps to explain the historical lack of settlement in Southeast Asia?

• A) tremendous out-migration
• B) infertile soil
• C) lack of transportation system in the region
• D) centuries of civil war
• E) all of the above

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Definitions:

Budgeted Cost Systems

Accounting methods that use budgets to project costs and revenues, helping companies plan for future operations and financial performance.

Product Costs

The three components of manufacturing cost: direct materials, direct labor, and factory overhead costs.

Standard Cost

A detailed estimate of what a product should cost.

Past Cost Data

Historical financial information regarding the costs incurred by a business.