Which of the Following Was True of the Revenue Act

question 24

Multiple Choice

Which of the following was true of the Revenue Act of 1935?

• A) It was a direct attack on the capitalistic system according to Roosevelt and would mark an end to the era of Big Business.
• B) It increased federal revenue significantly and gained the support of the wealthiest individuals of American society.
• C) It raised taxes on incomes above a certain amount, in part due to stories that many wealthy Americans were not paying taxes.
• D) It successfully created an equal distribution of wealth in America, which became a model for many other countries.
• E) It was Roosevelt's response to Huey Long's proposed "soak-the-rich tax" at the center of his campaign for president.

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Definitions:

Core Competencies

Fundamental strengths or advantages of a business or organization that give it a competitive edge.

Organisational Resources

Assets, including human, financial, physical, and information resources, that an organization utilizes to achieve its objectives.

Operating Objectives

Short-term goals that an organization aims to achieve, focusing on the daily functioning and operations.

SWOT Analysis

A strategic planning tool that helps organizations identify their Strengths, Weaknesses, Opportunities, and Threats.