Which of the Following Was an Objection Raised by Critics

question 26

Multiple Choice

Which of the following was an objection raised by critics of Hamilton's proposals?

• A) Hamilton's plan for bonds was not doing enough to help speculators invest.
• B) A whiskey tax would lead to prohibition of alcohol.
• C) The proposals would do virtually nothing to aid in the development of manufacturing.
• D) Hamilton's program would create a corrupt alliance between government and large commercial interests.
• E) Hamilton was not creating a large enough army to defend the United States.

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Definitions:

Quantitative Decision Rule

An analytical procedure or guideline used to make decisions based on numerical data and mathematical calculations.

Capital Expenditure

A financial outlay made by a company to acquire, maintain, or improve physical assets such as property, plants, and equipment.

Cash Budgeting

The process of estimating future cash inflows and outflows to determine a company's short-term financial health and liquidity.

Payback Period

The length of time required to recover the initial outlay on an investment based on its expected cash flows.