In Response to Which Conflict, in Which the President Used

question 44

Multiple Choice

In response to which conflict, in which the president used U.S. troops without a formal congressional declaration of war, did Congress pass the War Powers Act?

• A) the Korean War
• B) the Vietnam War
• C) the Gulf War of 1990-1991
• D) the Iraq War of 2003-2011
• E) Operation Enduring Freedom, 2001-2014

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Definitions:

Salvage Value

An asset's expected selling price once it has concluded its period of usefulness.

Sunk Costs

Past expenditures that have already been incurred and cannot be recovered.

Incremental Cash Flows

The extra cash flow from operations generated by a company when it embarks on a new project.

Net Present Value

The difference between the present value of cash inflows and outflows over a period of time, used in capital budgeting to assess the profitability of an investment.