The Idea That Every Person Should Have the Same Chance

question 72

Multiple Choice

The idea that every person should have the same chance to realize his or her potential is most consistent with which American political value?

• A) liberty
• B) equality
• C) democracy
• D) fraternity
• E) multiculturalism

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Definitions:

Proper Journal Entry

A record used in accounting to track the transfer of assets, liabilities, or equity from one account to another, ensuring each transaction is accurately captured.

Periodic Inventory System

An inventory accounting system where updates to inventory levels are made at specific intervals, such as monthly or annually, rather than continuously.

Physical Count

A manual inventory verification process where actual items are counted to ensure accuracy of records.

Inventory System

A method for tracking the quantity, value, and location of a company's inventory, both current and sold.