Which of the Following Statements Is True About the Success

question 72

Multiple Choice

Which of the following statements is true about the success of the World Bank?

• A) The World Bank has been very successful in promoting economic growth because loans have been primarily made to countries that have trouble attracting private funds.
• B) The World Bank has not been successful because many loans have been made to countries that can attract private funds.
• C) The World Bank has been successful because it has focused on its primary function of making loans to governments.
• D) The World Bank has not been successful because it has focused on making loans to governments where there has been a loss of confidence in a nation's financial system.

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Definitions:

Variable Costing

A costing method in which all variable manufacturing costs are included as inventoriable costs, while fixed manufacturing overhead is treated as an expense of the period.

Net Operating Income

A company's operating income after all operating expenses, excluding taxes and interest, have been deducted.

Absorption Costing

An accounting method that includes all manufacturing costs (direct materials, direct labor, and manufacturing overhead) in the cost of a product.

Total Period Cost

The sum of all costs incurred by a business during a specified period, excluding product costs.