Regulatory Actions That Impose Additional Costs on MNCs Are Considered

question 40

Multiple Choice

Regulatory actions that impose additional costs on MNCs are considered to be:

• A)economic risks.
• B)macro-level country risks.
• C)industry-specific risks.
• D)political risks.

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Definitions:

Fixed Overhead Budget Variance

The difference between the actual fixed overhead costs incurred and the budgeted or expected costs.

Unfavorable

A term used in variance analysis to describe a situation where actual results are worse than expected results, leading to a negative impact on financial performance.

Favorable

A term used in finance and accounting to describe results that are better than expected or budgeted.

Predetermined Overhead Rate

A rate used to apply manufacturing overhead to products or job orders, calculated based on estimated overhead costs and an allocation base.