One Major Problem with the Homestead Act Was That

question 66

Multiple Choice

One major problem with the Homestead Act was that

• A) the government continued to try to maximize its revenue from public lands.
• B) 160 acres were inadequate for productive farming on the rain-scarce Great Plains.
• C) Midwestern farmers had to give up raising livestock because of stiff competition with the West.
• D) most homesteaders knew little or nothing about farming in the West.
• E) it took several years to earn a profit from farming a homestead.

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Definitions:

Fixed Manufacturing Overhead

Costs that remain constant regardless of the level of production, such as rent, utility bills, and salaries for certain employees.

Net Profit

The amount of money that remains after all operating expenses, interest, taxes, and preferred stock dividends have been subtracted from a company's total revenue.

Step-Down Method

An accounting technique used to allocate indirect costs to products or services based on a hierarchy of activities.

Janitorial Department

A division within an organization responsible for maintaining cleanliness, hygiene, and order in facilities and buildings.