Which of the Following Is True of President George W

question 64

Multiple Choice

Which of the following is true of President George W. Bush in the months prior to launching the war against Iraq?

• A) He invoked the War Powers Act of 1973 before undertaking military action against the Saddam Hussein regime in Iraq.
• B) He made it clear that he would not be bound by a resolution against military action although it was passed by both houses of Congress.
• C) He launched the war against Saddam Hussein's regime in Iraq without invoking the War Powers Act of 1973 or asking for congressional approval.
• D) He sought the approval of Congress before launching the war against Saddam Hussein's regime, although he contended he did not really need that approval for such a step.

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Definitions:

Treasury Stock

Shares that were issued by a company and then repurchased, not considered when calculating dividends or earnings per share.

Par Value

A nominal or face value assigned to a security or stock, which may bear no relation to its market value.

Paid-In Capital

The sum of funds that a corporation has obtained from investors in return for stock shares.

Legal Capital

The portion of a company's equity that cannot legally be distributed to shareholders, often equating to the par value of the issued shares.