Which of the Following Statements Is TRUE

question 64

Multiple Choice

Which of the following statements is TRUE?

• A) The Civil War halted industrialism for about five years.
• B) Before the Civil War, American capitalism was defined by large corporations.
• C) The U.S. advocated free trade rights after the Civil War.
• D) The Civil War accelerated industrialism in the United States.
• E) The U.S. was already industrialized by the Civil War.

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Definitions:

Budgeted Cost

This refers to the predicted costs of goods, services, projects, or operations that are planned for a future period.

Merchandise Purchases Budget

An estimate detailing the amount of goods a company plans to purchase over a certain period to meet its sales and inventory needs.

Selling Expenses Budget

A financial plan estimating the costs associated with promoting, selling, and distributing a product or service for a future period.

Sales Budget

An estimate of the sales revenue a company aims to achieve in a certain period, often used for planning and performance evaluation purposes.