How Did the Second Great Awakening of the 1790s Affect

question 4

Multiple Choice

How did the Second Great Awakening of the 1790s affect African Americans in the South?

• A) The number of African American converts and preachers grew rapidly, and African Americans founded their own independent churches.
• B) Slaves were introduced to Christian tenets and beliefs for the first time since the arrival of the first Africans in the early 1600s.
• C) Free and enslaved African Americans gave up African-based religious traditions and ceremonies.
• D) Slaves accepted Christianity because it taught them obedience and peace.

Recognize the role and influence of rating agencies like Morningstar on mutual funds.

Describe the characteristics, advantages, and limitations of exchange-traded funds (ETFs).

Explain the efficient market hypothesis and its implications for mutual fund investing.

Distinguish between various mutual fund options, including lifecycle funds, load vs. no-load funds, and index funds.

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Definitions:

Period Costs

Costs that are not directly tied to the production process and are expensed in the period in which they occur.

Manufacturing Overhead

Expenses related to the manufacturing process that cannot be directly tied back to the production of specific goods, such as factory maintenance and rent.

Direct Materials

Basic substances utilized in the creation of a final product that can be directly attributed and identified within it.

Direct Labor

Direct labor refers to the employees and the associated labor costs directly involved in the manufacturing process of a company's products.