The War Industries Board Was Created for Which of the Following

question 21

Multiple Choice

The War Industries Board was created for which of the following reasons?

• A) It was to coordinate military purchasing, allocate military supplies, and set prices
• B) It acted as an employment agency to direct workers into war-related industries
• C) It was meant to oversee American corporations to make sure they did not violate antitrust laws
• D) It was meant to oversee and coordinate the work of corporations and universities engaged in weapons research and development

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Definitions:

Consolidated Net Income

The total earnings of a corporation, after tax, including earnings from subsidiaries, before distributing dividends.

Cost Method

An accounting approach where investments are recorded at their acquisition cost, without adjustment for increases or decreases in market value.

Goodwill

An intangible asset arising when a company acquires another for more than the fair value of its net identifiable assets.

Retained Earnings

Profits that a company has earned to date, less any dividends or other distributions paid to investors.