Why Did Warfare Play Such an Important Role in the Emergence

question 28

Multiple Choice

Why did warfare play such an important role in the emergence of sovereign states?

• A)Constant military struggle left voters wanting a more powerful central state.
• B)The United Nations Security Council favors sovereign states to help prevent the outbreak of war.
• C)The need for military success and protection forced smaller or less powerful states to merge.
• D)Smaller,more agile states were better able to take advantage of technological advances in warfare.
• E)Peace treaties often declared the boundaries of new states to help prevent future wars.

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The extent to which fixed-income securities (debt and preferred stock) are used in a firm’s capital structure. If a high percentage of a firm’s capital structure is in the form of debt and preferred stock, then the firm is said to have a high degree of financial leverage.