Match the Person or Term with the with the Correct

question 129

Multiple Choice

Match the person or term with the with the correct description.
-George Kennan

• A)accused Alger Hiss of being a spy
• B)Korean War commander
• C)1948 Progressive Party candidate
• D)critic of the Cold War
• E)prosecuted by HUAC
• F)"Who Is Loyal to America?"
• G)author of containment doctrine
• H)black baseball star
• I)Fair Deal
• J)senator from Wisconsin
• K)chaired committee on human rights
• L)convicted of spying

---

Definitions:

Production Costs

Expenses directly and indirectly involved in creating a product, including materials, labor, and overhead costs.

Absorption Costing

An accounting method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overhead - in the cost of a unit of product.

Net Income

The total profit of a company after all expenses, including taxes, have been subtracted from total revenues.

Operating Expenses

Costs associated with running the day-to-day operations of a business, excluding costs related to production or manufacturing.