King Philip II of Macedon Took Advantage of His Appointment

question 46

Multiple Choice

King Philip II of Macedon took advantage of his appointment as regent to become king by ________.

• A) overthrowing his infant nephew
• B) making promises of future power to the nobility
• C) receiving support from the surrounding aristocracy
• D) making deals with the city managers to pressure the throne

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Definitions:

Profitability

A financial metric used to assess the ability of a business to generate earnings relative to its revenue, assets, equity, or other financial metrics.

Liquidity

How effortlessly an asset can be turned into cash without altering its market price.

Periodic Inventory System

An inventory accounting system where the inventory level is updated and the cost of goods sold is calculated at the end of a period, rather than after each sale.

Purchases Account

An account used in accounting to record the total cost of goods bought for resale during an accounting period.