The Following Questions Refer to the Excerpt Below

question 51

Multiple Choice

The following questions refer to the excerpt below.
"Why are we in South Viet-Nam? We are there because we have a promise to keep. Since 1954 every American President has offered support to the people of South Viet-Nam. We have helped to build,and we have helped to defend. Thus,over many years,we have made a national pledge to help South Viet-Nam defend its independence…We are also there because there are great stakes in the balance. Let no one think for a moment that retreat from Viet-Nam would bring an end to conflict. The battle would be renewed in one country and then another."
President Lyndon B.Johnson,Speech at Johns Hopkins University,1965
-American efforts in which of the following conflicts most closely resembled the efforts of the United States in the conflict described by President Johnson?

• A) World War I
• B) World War II
• C) Korean conflict
• D) Conflict in Afghanistan and Iraq

---

Definitions:

Electricity

A form of energy resulting from the existence of charged particles, widely used as power for numerous applications.

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, reflecting its wear and tear, deterioration, or obsolescence.

High-Low Method

The High-Low Method is a technique used in accounting and finance to estimate the variable and fixed costs associated with producing a good or service by analyzing the highest and lowest activity levels.

Unit Variable Cost

The cost associated with producing one additional unit of a product, including materials and labor, which varies with the level of production.