Railroads

question 37

Multiple Choice

Railroads

• A) were among the last of the pre-1890 big businesses to be regulated.
• B) were only subject to regulation by governments when the federal government stepped in with?the Interstate Commerce Act of 1887.
• C) were objects of regulation more than a decade before the Interstate Commerce Commission Act.
• D) were never subject to government regulation before World War I and the "command economy."

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Definitions:

January

The initial month in the Gregorian calendar, marking the start of the year.

Materials Quantity Variance

The financial difference between the actual quantity of materials used in production and the expected quantity, based on standard costs.

February

The second month of the year, often associated with cold weather in the Northern Hemisphere and used as a time period reference in accounting.

Materials Price Variance

The difference between the actual cost of materials and the expected (or standard) cost.