What Obstacle Did Harry Truman Face When He Assumed the Presidency

question 67

Multiple Choice

What obstacle did Harry Truman face when he assumed the presidency following the death of Franklin Roosevelt in April 1945?

• A) Roosevelt's popularity made it difficult for Truman to win the respect of Congress and the people.
• B) At this time in the war, Americans were looking for a president with a military background, something Truman could not offer.
• C) Truman had been such an aggressive power player in Congress that he was likely to face stiff opposition there.
• D) Harry Truman had absolutely no experience in foreign policy, the most important qualification at this point in American history.
• E) Roosevelt had become so unpopular with the American people that his vice president was likely to have to pay for the sins of his predecessor.

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Definitions:

Useful Life

The estimated time period that an asset is expected to be usable for its intended purpose, affecting its depreciation or amortization schedules.

Discount Rate

In discounted cash flow analysis, this is the interest rate utilized to calculate the present value of cash flows expected in the future.

Net Present Value

A method used in capital budgeting to evaluate the profitability of an investment by calculating the difference between the present value of cash inflows and outflows over a period of time.

Working Capital

The difference between a company's current assets and its current liabilities, indicating the liquidity and operational efficiency of the business.