The Crop-Lien System

question 22

Multiple Choice

The crop-lien system:

• A) kept many sharecroppers in a state of constant debt and poverty.
• B) became better as farm prices increased in the 1870s.
• C) enabled yeoman farmers to continue to function under the same system as before the Civil War.
• D) annoyed bankers and merchants who resented how it made them dependent on farmers.

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Definitions:

Knowledge, Skills, Abilities

Refers to the competencies required to perform a job effectively, including acquired information, proficiencies, and natural capabilities.

Reduction Strategy

A plan implemented to decrease resources, expenses, or workforce in an organization for efficiency or cost-saving purposes.

Early Retirement Packages

Financial incentives offered by employers to encourage older employees to retire before their normal retirement age, often as a cost-saving measure.

Turnover Rate

The percentage of employees leaving a company within a certain period, indicating the rate at which an organization gains or loses staff.