The Articles of Confederation Provided a Set of Rules and Procedures

question 30

Multiple Choice

The Articles of Confederation provided a set of rules and procedures that provided incentives for states to compete with each other for foreign commerce. This effect of the Articles best reflects which principle of politics?

• A)the institution principle
• B)the policy principle
• C)the history principle
• D)the collective action principle

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Definitions:

Variable Cost Method

An accounting approach where variable costs are expensed as incurred and fixed costs are systematically allocated over time, typically used in costing and decision-making.

Cost-Plus Approach

A pricing strategy where the selling price is determined by adding a specific markup to a product's cost.

Fixed Manufacturing Costs

Expenses that do not vary with the level of production or sales, such as rent, salaries, and insurance for a manufacturing facility.

Variable Selling

Refers to costs that vary directly with changes in the volume of sales. These can include commissions, shipping fees, and packaging costs.