All of the Following Contributed to the Downfall of the Soviet

question 413

Multiple Choice

All of the following contributed to the downfall of the Soviet Union in 1991 except

• A) public dissatisfaction with low living standards and political repression.
• B) an inability to produce low-cost consumer goods that households wanted.
• C) lack of high-quality goods and services.
• D) lack of a strong dictator who can coordinate economic activities.

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Definitions:

Inventory Purchases

The total cost incurred by a business to buy goods for resale or raw materials to produce finished goods.

Operating Expenses

Costs related to the day-to-day functions of a business outside of direct labor and materials, such as rent, utilities, and office supplies.

Budgeted Cash Disbursements

An estimation of the cash outflows a company anticipates over a specified period, including expenses, payments to creditors, and investments.

Factory Overhead

All indirect costs associated with manufacturing, excluding direct materials and direct labor costs.