One Internationalist Action by Franklin D

question 51

Multiple Choice

One internationalist action by Franklin D. Roosevelt in his first term in office was

• A) the formal recognition of the Soviet Union.
• B) joining the League of Nations.
• C) establishing military bases in China.
• D) his support of the Tydings-McDuffie Act.
• E) his commitment to Philippine independence.

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Definitions:

Gross Profit

The difference between sales revenue and the cost of goods sold before deducting overheads, payroll, taxation, and interest.

Operating Expenses

Costs incurred in the normal operations of a business, such as rent, utilities, and payroll.

Net Income

The conclusive financial gain of a company after expenses and taxes have been removed from the initial total revenue.

Merchandising Company

A type of business that purchases goods in a finished condition for resale without further processing.