The "Anaconda Strategy

question 48

Multiple Choice

The "anaconda strategy":

• A)was the name of the South's strategy to choke northern industry.
• B)was a strategy of passive resistance among slaves to strangle the southern plantation economy from within.
• C)was the name of Britain's strategy to get the two sides to slither to the negotiating table and achieve a lasting peace.
• D)was the initial three-pronged Union strategy that included,among other things,a blockade of the southern coast to strangle the South.
• E)proposed to use biological warfare against the South developed from the poisonous venom of snakes.

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Definitions:

Short-term Bank Loan

A loan borrowed from a bank with a repayment period typically less than one year, often used for immediate liquidity needs.

Fixed Assets

Long-term tangible assets that are used in the operations of a business, such as machinery, buildings, and equipment, and are not expected to be converted into cash in the current or upcoming fiscal year.

Long-term Bank Loan

A loan provided by a banking institution with a repayment period extending beyond one year, typically used for financing significant business investments or acquisitions.

Use of Cash

Use of Cash refers to how a business or individual utilizes their available cash resources, including operating expenses, investments, and financing activities.