Which Statement Is True About the Confederacy

question 16

Multiple Choice

Which statement is true about the Confederacy?

• A) The cornerstone of the Confederacy was the racist belief that whites were racially superior and blacks' natural condition was to be enslaved.
• B) The majority of whites in the Confederate states were slaveholders in 1860.
• C) The majority of whites in the Confederate states believed in free labor ideology.
• D) All whites in the Confederate states had supported secession.
• E) Most poor whites in Confederate states believed they would achieve economic independence if slavery were abolished.

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Definitions:

Fixed Manufacturing Overhead

Fixed manufacturing overhead consists of indirect production expenses that remain constant regardless of the volume of products manufactured, like equipment depreciation.

Deferred

Refers to actions, expenses, or incomes that are postponed or delayed to a future period instead of being recognized immediately.

Released

Released refers to products, news, or information that has been made available to the public or a specific audience.

Net Operating Income

The earnings derived from a company's day-to-day operations, after subtracting all operational expenses except interest and taxes.