What Was One Consequence of the Korean War

question 24

Multiple Choice

What was one consequence of the Korean War?

• A) A reduction in Cold War tension around the globe
• B) A 50 percent decrease in U.S.military spending in 1953
• C) A massive increase in U.S.defense spending
• D) A lessening of U.S.involvement in Southeast Asia

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Definitions:

Service Business

An enterprise offering non-physical goods or services to its clientele.

Merchandising Income Statement

A financial statement detailing the gross profit, expenses, and net profit or loss of a retail or wholesale business.

Administrative Expenses

Overheads and general expenses related to the day-to-day management and operation of a business, excluding production and direct costs.

Operating Income

The profit realized from a business's core operations, excluding revenue from investments and costs such as interest expenses and taxes.