"Every Gun That Is Made, Every Warship Launched, Every Rocket

question 17

Multiple Choice

"Every gun that is made, every warship launched, every rocket fired, signifies in the final sense a theft from those who hunger and are not fed, those who are cold and are not clothed." This statement by President Eisenhower exemplifies which of the following concepts?

• A)human security
• B)soft power
• C)opportunity costs
• D)diminishing returns

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Definitions:

Double-Declining-Balance Method

An accelerated method of depreciation that doubles the normal depreciation rate.

Journal Entry

A record of a transaction in the accounting journal that may affect one or more accounts.

Residual Value

The projected worth of an asset at the time of sale, after it has served its purpose.

Accumulated Depreciation

The cumulative depreciation of an asset up to a single point in its life, representing the wear and tear, deterioration, or obsolescence of the asset.