Which of the Following Was an Unexpected Result of the End

question 81

Multiple Choice

Which of the following was an unexpected result of the end of the French and Indian War?

• A) American development suffered in the long run because potential new European colonists were too afraid that another armed conflict would arise in North America to risk immigrating.
• B) Cities such as Baltimore and Charleston were largely abandoned due to the destruction of the war and the widespread preference of the colonists to move west of the Proclamation Line.
• C) Indentured servitude in the American colonies quickly came to an end and was replaced with the African slave trade because the majority of indentured servants had been from France.
• D) Because the French were no longer a threat, many people became more comfortable trying out living in the wilderness; as a result, the number of European immigrants to the colonies rose.
• E) Disruptions in trade resulting from the war caused African slave traders to drastically shift their focus to transporting enslaved peoples to Britain rather than to the American colonies.

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Definitions:

LIFO Method

An inventory management and valuation approach where the last items placed in inventory are the first ones sold.

GAAP

Generally Accepted Accounting Principles, a set of accounting standards and procedures used in the United States to ensure financial statements are consistent and transparent.

IFRS

International Financial Reporting Standards - a set of accounting guidelines that provide the basis for cross-border financial reporting.

Specific Identification

An inventory valuation method in which the cost of each specific item in inventory is tracked and used to calculate cost of goods sold.