Income Is

question 58

Multiple Choice

Income is:

• A) the net value of all assets less any debts owed.
• B) the total value of all cash assets.
• C) assets minus liabilities.
• D) money received from employment or other activities.

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Definitions:

Independence Of Panama

The separation of Panama from Colombia in 1903, facilitated by the United States to secure the construction of the Panama Canal.

Roosevelt Corollary

An extension of the Monroe Doctrine articulated by President Theodore Roosevelt in 1904, stating that the U.S. could intervene in the domestic affairs of its neighbors if those neighbors proved unable to maintain order on their own.

Monroe Doctrine

A principle of US foreign policy originating in the early 19th century that opposes European colonialism in the Americas, viewing any new attempts at colonization as hostile acts toward the US.

Great White Fleet

A U.S. naval fleet that circled the globe from 1907 to 1909 as a show of American maritime strength and goodwill.