Which of the Following Statements About War Is True

question 14

Multiple Choice

Which of the following statements about war is true?

• A)War occurs frequently between powerful countries.
• B)War occurs frequently between developing countries.
• C)Recently,civil wars have been less frequent than interstate wars.
• D)War tends to occur when states rely too much on diplomacy.
• E)War occurs infrequently between any states.

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Definitions:

Actual Cost

The actual expense incurred to acquire an asset or the expense incurred to produce goods or services, as opposed to budgeted or estimated costs.

Full Disclosure Principle

A financial reporting guideline requiring companies to disclose all relevant and necessary information in their financial statements and footnotes to help users make well-informed decisions.

Financial Statements

Official documentation reflecting the monetary transactions and status of a company, individual, or different entity.

Accounting Equation

A fundamental principle of accounting that maintains that assets are always equal to the sum of liabilities plus equity (Assets = Liabilities + Equity).