In 1913, Woodrow Wilson Broke with a Custom Dating Back

question 24

Multiple Choice

In 1913, Woodrow Wilson broke with a custom dating back to Jefferson's day when he

• A) stopped having formal cabinet meetings.
• B) appointed a black man to the Supreme Court.
• C) endorsed woman suffrage.
• D) personally delivered his presidential State of the Union address to Congress.
• E) failed to write a presidential State of the Union address to be read by a clerk to Congress.

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Definitions:

Stock Dividend

A payment made by a corporation to its shareholders in the form of additional stock, rather than cash.

Retained Earnings

The portion of a company's profits that is held or retained and not paid out as dividends to shareholders, often used for reinvestment in the business.

Book Value

The net value of a company's assets minus its liabilities, essentially the equity value as shown on the balance sheet.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenues.