Figure 13-1 -Refer to the Figure 13-1.In the Figure Shown,if the World

question 36

Multiple Choice

Figure 13-1
-Refer to the Figure 13-1.In the figure shown,if the world real interest rate went from 6 to 7 percent,what changes would occur?

• A) There would be an increase in net capital outflow.
• B) The demand for loanable funds curve to shift right.
• C) The supply for loanable funds curve to shift left.
• D) There would be a decrease in net capital outflow.

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Definitions:

Standard Costing System

A cost accounting method that assigns expected costs to products in order to estimate the cost of production and help with budget planning.

Direct Labour Hours

The total hours worked directly on a specific job or task by employees, often used to allocate labor costs to products or services.

Variances

Differences between planned, budgeted, or standard costs and actual costs in business operations.

Cost Of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials, labor, and manufacturing overhead.