Why Did the Colonies Shift from an Indentured Servant Labor

question 26

Multiple Choice

Why did the colonies shift from an indentured servant labor force to a slave labor force?

• A) Many indentured servants returned to England.
• B) Slavery provided a perpetual labor force.
• C) Indentures all ended at the same time.
• D) The mortality rate among servants was rising.

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Definitions:

LIFO Inventory Method

Last In, First Out, an inventory valuation method where the goods purchased last are the first to be sold.

Gross Profit

The difference between revenue and the cost of goods sold before deducting overheads, payroll, taxation, and interest payments.

Cost of Goods Available for Sale

The total cost of merchandise that a company can sell during a certain period, including both the cost of goods purchased and the cost of goods manufactured.

Cash Flows

A financial statement segment that shows how changes in balance sheet accounts and income affect cash and cash equivalents, categorizing flows into operating, investing, and financing activities.