Why Did the Cattle Industry Experience Tremendous Growth in the Late

question 41

Multiple Choice

Why did the cattle industry experience tremendous growth in the late nineteenth century?

• A) Ranchers were able to exploit black and Mexican cowhands.
• B) A large number of male easterners became interested in experiencing the cowboy life.
• C) The invention of the refrigerated railroad car allowed for meat to be shipped to eastern consumers without spoiling.
• D) Foreign cattle producers stopped sending their beef to the United States.

---

Definitions:

Capital Budgeting Technique

Methods used by companies to evaluate and select investments in long-term assets based on their potential to generate cash flows in the future.

Profitability Index

A financial metric used to evaluate the desirability of an investment, calculated as the present value of future cash flows divided by the initial investment.

Payback Period

The duration required for an investment to generate cash flows sufficient to recover its initial cost.

AAR

Average Annual Return, which measures the average return generated by an investment per year over a specified period.