The Tonkin Gulf Resolution

question 11

Multiple Choice

The Tonkin Gulf resolution:

• A) was in response to a Viet Cong attack upon an American military base
• B) deeply divided Congress
• C) was used by Johnson as a substitute for a declaration of war
• D) authorized American naval aggression off the coast of North Vietnam
• E) led Johnson to de-escalate the Vietnam War

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Definitions:

Average Daily Receipts

The average amount of money received by a company per day over a given period, often used to measure cash flow or performance.

Customers

Individuals or entities that purchase goods or services from a business, essentially driving the revenue of the company.

Miller-Orr Model

A financial model used to manage cash balances, determining the optimal point to transfer funds in and out of a non-interest bearing cash account.

Cash Balance Target

A strategy where a company aims to maintain a specific amount of cash on hand to meet operational and emergency needs.