Which of the Following Actions Did the United States Not

question 79

Multiple Choice

Which of the following actions did the United States not take in preparing for war between September 1, 1939 and December 1, 1941?

• A) It cut off diplomatic relations with Germany and Japan.
• B) It instituted the "Cash-and-Carry" program.
• C) It created the Lend-Lease program to provide supplies and equipment to the allied countries.
• D) It instituted the first peacetime draft in American history.
• E) It dramatically increased its military defense budget.

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Definitions:

Insurance Policy

An insurance policy is a contract between an insurer and the policyholder, detailing the terms under which the insurer agrees to compensate the policyholder for specific losses or damages covered by the policy.

Adjusting Entry

An entry made in the books at the end of an accounting period to allocate income and expenditures to the appropriate period.

Prepaid Insurance

An asset account that represents insurance payments made in advance for coverage that will be received in the future.

Office Supplies Account

An account used to track expenses related to materials and supplies used in an office environment.