The Monroe Doctrine Refers to the

question 27

Multiple Choice

The Monroe Doctrine refers to the

• A)economic recovery package of aid from the United States to Western Europe after World War II.
• B)policy that the United States will launch a preemptive attack on any country harboring nonstate actors that threaten its national security.
• C)idea that foreign powers should not meddle in the Western Hemisphere.
• D)theory that the United States needed to have twice as many nuclear weapons as the Soviet Union in order to remain secure.

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Definitions:

Debit

An accounting entry that results in either an increase in assets or a decrease in liabilities on a company’s balance sheet.

Journalizing

The process of recording business transactions in the accounting journals as part of the bookkeeping process.

Transaction

An agreement or exchange between two parties that is recorded and has an economic impact on the finances of a business.

Journal

A detailed record where all financial transactions of a business are initially recorded, before being transferred to the general ledger.