Russia Had Been Stunned by Early Setbacks in 1914,due Primarily

question 35

Multiple Choice

Russia had been stunned by early setbacks in 1914,due primarily to problems of equipment,supply,and training.By the end of 1916,it had been brought to the verge of total collapse by:

• A)the inability of the government to bring production up to the levels needed to pursue the war with Germany.
• B)a combination of political ineptitude and military defeat.
• C)the ever-growing political threat posed by the Bolsheviks.
• D)the sudden death of Tsar Nicholas II.
• E)failed harvests throughout Russia and the ensuing mass starvation,which also contributed to a reduction in industrial capacity.

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Definitions:

Budgeted Income Statement

A financial report projecting revenue, expenses, and net income for a future period, based on management's expectations.

Degree of Operating Leverage

A measurement of how a company's operating income responds to a change in sales, indicating the level of fixed versus variable costs.

Total Contribution Margin

The difference between sales revenue and variable costs, representing the total earning potential before fixed costs are deducted.

Variable Costs

Financial outlays that shift proportional to the volume of production or sales, encompassing labor and material costs.