Which of the Following Was a Liability for President Obama

question 99

Multiple Choice

Which of the following was a liability for President Obama as he entered his reelection campaign of 2012?

• A) He had authorized a constitutionally questionable raid that killed Osama bin Laden.
• B) The U.S. Supreme Court had struck down most of the Affordable Care Act.
• C) He had failed to provide an authentic Hawaiian birth certificate to prove the legitimacy of his presidency.
• D) Unemployment remained high even though the recession was officially over.
• E) Americans disapproved of the troop withdrawal from Iraq late in 2011.

---

Definitions:

Bank Reconciliation

The process of matching and comparing transactions recorded in an entity's accounting records against those listed on a bank statement.

Internal Controls

The processes and procedures implemented within an organization to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Accounting Records

Documents and ledgers that record financial transactions and the financial position of an organization, used for analysis and compliance purposes.

Voucher System

An accounting system that involves preparing and using vouchers, which are documents that authorize and record the payment of a company expense.