Truman's Response to the Soviet Blockade of West Berlin in 1948

question 82

Multiple Choice

Truman's response to the Soviet blockade of West Berlin in 1948 was to

• A) divide the rest of Germany into occupation zones.
• B) mass American troops on the Soviet border.
• C) get the United Nations to officially protest.
• D) launch a massive airlift of supplies into West Berlin.
• E) meet with Stalin to diplomatically resolve the crisis.

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Definitions:

Agency Problem

A conflict of interest arising between principals (owners/shareholders) and agents (company executives/managers), where the agent may make decisions that benefit themselves at the expense of the principals.

Partnership Agreement

A legal document that outlines the rights, responsibilities, and profit and loss distribution among partners in a business partnership.

Corporate Officer

An executive or high-ranking official within a corporation, often with legal responsibilities.

Corporate Treasurer

A senior executive responsible for managing the company’s investments, capital structure, risk management, and liquidity, including handling corporate financing activities.