Which of the Following Statements Best Characterizes the Attitudes and Actions

question 6

Multiple Choice

Which of the following statements best characterizes the attitudes and actions of progressive presidents such as Theodore Roosevelt and Woodrow Wilson?

• A)They believed that the domestic interests of the people were best represented by state governments, and the national government should confine itself largely to foreign affairs.
• B)They believed that the best way to regulate the excesses of big business was to leave the free market alone to regulate itself.
• C)They were dismayed by the overarching regulatory powers claimed by previous administrations, and actively worked to pare down presidential intervention in the economy.
• D)In the interests of a vibrant economy, they put the resources of the national government behind the growth of large corporate interests while ignoring the social problems caused by big business.
• E)They believed that the national government should play an active role in regulating domestic manufacturing, trade, and other aspects of the economy.

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Definitions:

Cash

A current asset account that represents currency or currency equivalents that can be accessed immediately or near-immediately.

Sales

The total amount of revenue generated from selling goods or services.

Perpetual Inventory System

A method used by businesses to keep a real-time record of inventory levels, constantly updating with every sale and purchase.

Merchandise Inventory

Goods that a company holds for the purpose of selling them to customers.