Which of the Following Is a Precondition of Liberal Democracy

question 130

Multiple Choice

Which of the following is a precondition of liberal democracy?

• A) postindustrialism
• B) urbanization
• C) economic equality
• D) technological innovation

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Definitions:

Efficiency Variances

The difference between the actual amount of resources used in production and the standard amount expected, showing how efficiently resources are being used.

Volume Variances

are differences between the expected (budgeted) volumes of production or sales and the actual volumes, impacting revenue, costs, and profits.

Budget Variance

The difference between budgeted and actual amounts for a particular accounting category.

Volume Variance

The difference between actual and budgeted sales volumes, impacting the expected revenue or costs.