The Washington Conference of 1921

question 83

Multiple Choice

The Washington Conference of 1921

• A) attempted to prevent a global naval arms race.
• B) saw the Harding administration refuse to participate in it.
• C) sought to expand the global markets of the United States.
• D) ended as a diplomatic failure for the United States.
• E) attempted to create a world court.

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Definitions:

Direct Materials

Substances that can be directly linked to the manufacturing of a particular item.

Direct Labor

Labor costs that can be easily traced to individual units of product; essentially the wages paid to workers who directly manufacture goods.

Manufacturing Overhead

All indirect manufacturing costs, including but not limited to utilities, rent, and salaries of supervisors.

Direct Materials Cost

The expense incurred for raw materials that are directly traceable to the production of specific goods or services.