Unlike Conservatives, Nineteenth-Century Liberals Supported the Enlightenment Ideals of Personal

question 61

Multiple Choice

Unlike conservatives, nineteenth-century liberals supported the Enlightenment ideals of personal liberty and free trade because

• A) they thought that all governments were inherently repressive and they wanted to restrict government intervention in their lives.
• B) they saw Enlightenment ideals as crucial to a new political revolution that would be based on the capitalist economic system.
• C) they believed that greater liberty in politics and economic matters would promote social improvement and economic growth.
• D) they envisioned a society modeled after the ideals of the French Revolution, in which all men were equal and able to access the industrial economic structure.

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Definitions:

Journalizing

The process of recording transactions in the journal in chronological order, marking the first step in the accounting cycle.

Posting

The process of transferring journal entries to their respective accounts in the ledger.

Balancing

The act of ensuring that two sets of records (usually the credits and debits in an account) are in agreement.

Fees Earned

Income received for services provided by a company or individual, usually professional services such as legal, consulting, or accounting services.