Which Events Occurred During the 1973-1974 Oil Crisis in the United

question 239

Multiple Choice

Which events occurred during the 1973-1974 oil crisis in the United States?
I. Gas stations were ordered to be closed between 9 PM on Saturday and 12:01 AM on Monday.
II. The government decided to allocate oil by command.
III. The 55 mph speed limit was repealed.
IV. Daylight savings time was implemented.

• A) I and IV only
• B) I, II, and III only
• C) I, II, and IV only
• D) I, III, and IV only

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Definitions:

Journalize

The act of recording financial transactions in a company's journal, a step in the accounting process.

Withdraws

The action of taking money out of an account, or removing capital from a business by its owners.

Personal Use

Personal use refers to the utilization of property, assets, or services for individual rather than business or commercial purposes.

Journal Entry

A record of financial transactions in the accounting books of a business, showing the accounts affected and the amounts of debits and credits.