The Free Labor Ideology Was Based on the Assumption That

question 33

True/False

The free labor ideology was based on the assumption that free labor could not compete with slave labor and so slavery's expansion had to be halted to ensure freedom for the white laborer.

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Definitions:

Cash Discount

A cash discount is a reduction in the price of goods or services allowed by the seller to encourage prompt payment by the buyer.

FOB Shipping Point

A term used in shipping agreements indicating that the buyer assumes responsibility and ownership of goods once they leave the seller's premises.

Perpetual Inventory System

An accounting method that continuously updates inventory records for every purchase and sale.

Credit Memo

A document issued by a seller to a buyer, reducing the amount that the buyer owes due to a return or refund.