Why Was It Difficult to Use Advanced Technology on Cotton

question 9

Multiple Choice

Why was it difficult to use advanced technology on cotton crops?

• A) Masters in the South could not afford it.
• B) Cotton ripened at varying times, and machines could not predict the timing.
• C) Masters wanted to keep their slaves busy, so they avoided the use of any time-saving equipment.
• D) African-American slaves refused to use machines to process cotton.

Recognize the various authoritative bodies and their roles in establishing accounting standards.

Understand the principles guiding the recording and reporting of financial transactions.

Understand the principles and applications of the current rate method in translating foreign subsidiary financial statements.

Understand the principles and applications of the temporal method in translating and remeasuring foreign subsidiary financial statements.

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Definitions:

HR

Human Resources; a department within organizations concerned with the management of people, including recruiting, training, and welfare.

TPSs

Transaction Processing Systems, which are software and hardware systems designed for processing business transactions efficiently and accurately.

SaaS

Software as a Service (SaaS) is a cloud computing model that delivers software applications over the internet, on a subscription basis.

Cloud-Based ERP

Enterprise Resource Planning systems hosted on remote servers, providing businesses with access to applications and services via the internet, offering scalability and flexibility.