Cárdenas's Oil Nationalization

question 17

Multiple Choice

Cárdenas's oil nationalization

• A) was the first of a series of large-scale expropriations of foreign properties.
• B) reflected Cárdenas's socialist ideology.
• C) was a major victory for Mexican nationalism and capitalism.
• D) caused a serious disruption of the Mexican oil industry.

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Definitions:

Statement of Cash Flows

A financial report that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows that pay for business activities and investments during a given period.

Stock Dividends

Stock dividends are dividends paid to shareholders in the form of additional shares in the company, rather than in cash.

Cash Flow

The net amount of cash and cash equivalents being transferred into and out of a business, indicating its liquidity and operational efficiency.