What Was One of the Terms of the Ordinance of 1785

question 34

Multiple Choice

What was one of the terms of the Ordinance of 1785?

• A) It established guidelines for surveying, apportioning, and selling land.
• B) It prohibited the expansion of slavery throughout the West.
• C) It established stages of self-government for territories seeking to become states.
• D) It offered free land to anyone willing to establish a homestead in the West.
• E) It relocated Native American tribes to tracts west of the Mississippi.

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Definitions:

Unit Product Cost

The total cost associated with creating one unit of product, including materials, labor, and overhead.

Variable Costing

An accounting method where only the variable production costs are allocated to the product, while fixed costs are treated as period costs.

Net Operating Income

The total income from operations of a company before taxes and interest deductions.

Variable Costing

An accounting strategy that only accounts for variable production expenditures (direct materials, direct labor, and variable manufacturing overhead) in product pricing.