During the Civil War, President Lincoln

question 39

Multiple Choice

During the Civil War, President Lincoln

• A)relied heavily on executive orders to mobilize troops, purchase warships, and obtain funds from the U.S.Treasury.
• B)attempted to issue executive orders to mobilize troops, purchase warships, and obtain funds from the U.S.Treasury but was blocked by the federal judiciary.
• C)attempted to issue executive orders to mobilize troops, purchase warships, and obtain funds from the U.S.Treasury but was blocked by Congress.
• D)did not use executive orders and relied, instead, on laws passed by Congress to mobilize troops, purchase warships, and obtain funds from the U.S.Treasury.

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Definitions:

Net Operating Income

The income generated from normal business operations after subtracting operating expenses but before interest and taxes.

Spending Variance

The discrepancy between the budgeted or planned amount of expense and the actual amount spent, often analyzed to understand financial performance.

Materials

The raw goods and components used in the manufacturing or production process to create final products.

Spending Variance

The difference between the actual amount spent and the budgeted amount for a specific period.