The Union Eventually Found Talented High-Level Officers

question 20

Multiple Choice

The Union eventually found talented high-level officers

• A) by turning to the top graduates of West Point.
• B) drawing on the best products of its reserve officer training program.
• C) by bringing in veteran Indian-fighters from the West.
• D) by promoting generals with strong political connections.
• E) through a costly process of trial and error.

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Definitions:

Short-term Financial Management

The practice of managing a company's financial activities that are expected to be resolved within a year.

Carrying Costs

The expenses incurred by holding inventory, including storage, insurance, and taxes, over a certain period.

Cash Cycle

A business concept that describes the process of converting resources into cash flows, from purchasing inventory to collecting revenue from customers.