One Result of the Austro-Prussian War of 1866 Was The

question 45

Multiple Choice

One result of the Austro-Prussian War of 1866 was the:

• A)freeing of the serfs in Russia.
• B)unification of the United Provinces in the Netherlands.
• C)accession of Napoleon III to the throne in France.
• D)uniting of Venetia with the rest of Italy.
• E)passage of the Reform Bill of 1867 in Britain.

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Definitions:

Raw Material Purchase

The process of acquiring the basic materials needed for production of goods.

Fixed Manufacturing Overhead

Fixed manufacturing overhead costs are those production expenses that do not vary with the volume of production, such as salaries of managerial staff and rent of the factory.

Budgeted Fixed Manufacturing Overhead

The predetermined amount of fixed overhead expenses expected to be incurred in the manufacturing process.

Net Operating Income

Profit of a business after all operating expenses, excluding taxes and interest, have been deducted from total revenue.