Which of the Following Statements Is Most Accurate

question 24

Multiple Choice

Which of the following statements is most accurate?

• A) The War Powers Act has been fully observed by every president who has deployed the military overseas since Gerald Ford.
• B) Recent presidents have refrained from asking Congress to declare war and have instead frequently deployed the military without congressional authorization.
• C) Recent presidents have asked Congress to declare war many times and have never deployed the military without congressional authorization.
• D) Congress passed the War Powers Resolution in order to give the president more control over the military.
• E) As a result of the War Powers Resolution, Congress now has more control over the military than the president does.

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Definitions:

Variable Costing

An accounting approach where only variable production costs are included in product costs, with fixed overhead expenses treated as period costs.

Operating Income

Income generated from normal business operations, excluding costs and expenses.

Manufacturing Margin

The difference between the cost of production and the selling price of manufactured goods.

Contribution Margin

The amount of revenue from sales that exceeds variable costs, contributing to covering fixed costs and generating profit.