Match the Term with the Definition

question 66

Multiple Choice

Match the term with the definition.
-In this theory popularized in the late nineteenth century by Herbert Spencer and William Graham Sumner, only relentless competition could produce social progress, with wealth a sign of "fitness" and poverty one of "unfitness" for survival.

• A)civil service reform
• B)finance capitalism
• C)free silver
• D)Gilded Age
• E)gospel of wealth
• F)Interstate Commerce Commission (ICC)
• G)Jim Crow
• H)trust
• I)Sherman Antitrust Act
• J)social Darwinism
• K)spoils system
• L)Woman's Christian Temperance Union (WCTU)

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Definitions:

Dividends in Arrears

Dividends on cumulative preferred stock that have not been paid in the period they were due.

Current Liability

A company's debt or obligations that are due within one year and are listed on a company's balance sheet.

Treasury Stock

Shares that were once issued and fully paid for but have since been bought back by the issuing company, reducing the amount of outstanding stock on the open market.

Specific Identification

An inventory valuation method where individual costs are assigned to specific goods or inventory items, useful for tracking high-cost or unique items.