Henry Ford's Statement That "History Is More or Less Bunk

question 88

Multiple Choice

Henry Ford's statement that "History is more or less bunk" is best refuted by which of the following statements?

• A)History has been shown to be 100 percent accurate.
• B)History can put current activities in perspective.
• C)Historical facts are seldom proven to be wrong.
• D)People who write history always have an agenda.

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Definitions:

Primary Beneficiary

The entity that has the majority of risks and rewards from a variable interest entity, leading to the requirement of consolidating the entity's financial statements.

Amortization

The gradual reduction of a debt over a period of time through regular payments or the systematic allocation of intangible asset costs over its useful life.

Unrealized Gain

A profit that results from holding onto an asset rather than selling it, not reflected in cash flow or income until the asset is sold.

Positive Gross Profit

A financial state where a company's revenue from sales exceeds its cost of goods sold.