The Sons of Liberty

question 53

Multiple Choice

The Sons of Liberty:

• A) enjoyed support from New York craftsmen and laborers.
• B) won widespread support from New York's upper classes.
• C) opposed any violent response to the Stamp Act.
• D) prompted founder Samuel Adams and his cousin John Adams to break off relations.

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Definitions:

Profit-Seeking Enterprise

A business or organization that operates with the intention of making a profit, as opposed to a non-profit organization.

Deferral Method

An accounting method where revenue or expenses are recognized after cash is exchanged, delaying the recognition of income or expenses until a future accounting period.

Government Grants

Funds provided by the government to organizations, businesses, or individuals for specific purposes, without any repayment obligation, often to support projects or innovations.

Private Donations

Contributions made by individuals or private entities to nonprofit organizations without expecting anything in return.