Which of the Following Factors Did Not Contribute to the Federal

question 118

Multiple Choice

Which of the following factors did not contribute to the federal budget surpluses in the 1990s?

• A)Higher taxes on the rich
• B)More federal government spending discipline
• C)Market globalization
• D)Slower consumer spending
• E)Rising business optimism based on technological innovation

Identify the sequence and interrelation among various types of budgets in the budgeting process.

Calculate the total direct materials purchases needed based on production requirements.

Determine the cost of direct materials used in production given the quantity and price of each material.

Calculate total selling expenses based on various components such as commissions, salaries, advertising expenses, and shipping expenses.

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Definitions:

Articles of Confederation

The first constitution of the United States, ratified in 1781, which was replaced by the US Constitution in 1789 due to its weaknesses in central authority.

Revolutionary War

The conflict (1775-1783) between the thirteen American colonies and Great Britain, leading to the independence of the United States.

Louisiana Purchase

The acquisition of the territory of Louisiana by the United States from France in 1803, doubling the size of the U.S. and opening the west for expansion.

Virginia Plan

A proposal at the Constitutional Convention (1787) that called for a national government with three branches and a two-chamber legislature with representation based on state population.