Most "Plain Folk" of the Old South

question 25

Multiple Choice

Most "plain folk" of the Old South

• A) owned at least one slave.
• B) were never able to move into the planter class.
• C) were passionately antislavery.
• D) were subsistence farmers who owned at least one slave.
• E) were subsistence farmers who were passionately antislavery.

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Definitions:

Total Assets

The sum of all resources owned by an entity that have economic value and can be measured and expressed in monetary terms.

Average Sale Period

The average amount of time it takes for a business to sell its inventory or a specific product.

Net Profit Margin Percentage

A financial ratio indicating the percentage of revenue that remains as net income after all expenses, interest, and taxes have been deducted.

Equity Multiplier

The equity multiplier is a financial leverage ratio that measures the portion of a company’s assets financed by stockholders' equity, indicating financial risk.