Which of the Following Is True of the "Pivot" Announced

question 63

Multiple Choice

Which of the following is true of the "pivot" announced by President Obama to East Asia in 2012?

• A) It helped China secure many islands in the East China Sea.
• B) It involved removing naval resources from East Asia.
• C) China accepted the "pivot" and withdrew troops from Vietnam.
• D) It involved negotiating reduced security relationships with area nations.
• E) China responded to the "pivot" by accusing the United States of trying to "contain" China.

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Definitions:

Voting Common Stock

A type of equity security that grants the holder the right to vote on corporate matters and receive dividends.

Treasury Stock Approach

A method of accounting for repurchased shares of a company's own stock, treating them as treasury stock and reducing the company's equity.

Noncontrolling Interest

The portion of equity in a subsidiary not attributable to the parent company, representing outside investors' ownership.

Net Income

The total earnings of a company after subtracting all expenses from revenue.