John Adams Recommended George Washington as Commander of the Continental

question 28

Multiple Choice

John Adams recommended George Washington as commander of the Continental army because:

• A) he knew that Washington was weighing an offer from Britain to lead its North American forces.
• B) he shared Washington's view of the importance of natural rights.
• C) the fact that Washington was from Virginia could help unify the colonists.
• D) he knew Washington had opposed General Howe's forces cutting down the Liberty Tree.
• E) they had an agreement that Adams would then be put in charge of administering the army in the New England colonies.

Recognize the characteristics and income generation of debt investments.

Discern the purpose and accounting treatments for purchasing debt or equity securities.

Identify accounting treatments at acquisition for different types of investments.

Distinguish between strategic and non-strategic investments, and their associated purposes.

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Definitions:

Imitation Problem

The challenge businesses face when competitors copy their products or services, potentially reducing the original company's profits and market share.

Allocative Efficiency

A state of the economy in which production represents consumer preferences; in other words, every good or service is produced up to the point where the last unit provides a utility equal to its cost of production.

Technological Advance

The progress or development in technology, leading to new products, processes, or systems.

Preferred Mix

The optimal combination or assortment of goods, services, investments, or resources desired by an individual, firm, or economy.