From 1840 to 1860, the Price of a "Prime Field

question 47

Multiple Choice

From 1840 to 1860, the price of a "prime field hand"

• A) rose about 80 percent, which made it harder for southern whites to enter the slaveholding class.
• B) rose less than 10 percent, which kept the size of the planter class about the same.
• C) declined about 15 percent as the supply of slaves in the internal slave trade increased.
• D) became so inexpensive that the slaveholding class grew to include nearly two-thirds of southern whites.
• E) declined because labor-intensive agricultural work became less popular in the South.

Analyze the impact of selling price, variable cost, and fixed costs on net operating income.

Calculate break-even points in terms of sales dollars and units.

Understand the impact of segment margins and common fixed expenses on overall net operating income.

Differentiate and calculate the effects of traceable and common fixed expenses on divisional and corporate financial performance.

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Definitions:

Family Life

The social and emotional dynamics, daily activities, and interactions among members within a family unit.

Plantation

An early word for a colony, a settlement “planted” from abroad among an alienpopulation in Ireland or the New World. Later, a large agricultural enterprise that used unfree laborto produce a crop for the world market.

Nat Turner

An enslaved African American preacher who led a four-day rebellion of enslaved and free black people in Southampton County, Virginia in 1831.

Religious Man

A person, typically male, who lives in accordance with the beliefs, practices, and ethical values of his religion.