Nation Building Did Not Work as President Kennedy Had Envisioned

question 4

Multiple Choice

Nation building did not work as President Kennedy had envisioned because ___________________.

• A) the monetary aid was usually funneled through a self-interested elite and often did not reach the very poor
• B) Congress refused to appropriate the sums of money needed to make the program succeed
• C) the Soviet Union gave more foreign aid to the Third World than did the United States
• D) Communist subversives staged violent protests, which forced many countries to reject the U.S. offer of assistance

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Definitions:

Subsidiary Ledgers

Detailed ledgers that provide a breakdown of individual accounts that are summarized in the general ledger.

Customers Ledger

A subsidiary ledger containing individual accounts for customers, showing each customer's sales, payments, returns, and the current balance owed.

Creditors Ledger

A ledger that keeps records of the amounts owed by the business to its suppliers or creditors.

Revenue Journal

This is an accounting journal that records all the sales transactions of a company where revenue is recognized, detailing the amount and source of each sale.