"Chronic Wrong Doing

question 72

Multiple Choice

"Chronic wrong doing ...may ...require intervention by ...the United States [in adherence to] the Monroe Doctrine ... ,however reluctantly,in flagrant cases of such wrong doing or impotence,to the exercise of an international police power." The philosophy exemplified in this quote reveals that it was taken from

Definitions:

Period Cost

Expenses that are not directly tied to the production of goods and are therefore recorded as expenses for the accounting period in which they occur.

Rent on Office

The cost incurred for leasing office space, which is considered an operational expense for businesses.

Selling and Administrative Expense

The aggregate of all indirect costs associated with the selling of products and the general operations of a business.

Direct Materials

Raw materials that can be physically and directly associated with the manufacturing of finished goods.