How Did Southerners React to Lincoln's Victory in the Presidential

question 47

Multiple Choice

How did Southerners react to Lincoln's victory in the presidential election of 1860?

• A) They celebrated the end of sectionalist tensions that plagued the nation.
• B) They were optimistic that Lincoln would preserve their interests.
• C) They redoubled their efforts to win the next congressional election.
• D) They resigned themselves to being permanent minorities in America.
• E) They launched a movement to secede from the Union.

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Definitions:

ROE

Return On Equity represents a financial performance metric that is obtained by dividing a company's net income by its shareholders' equity, demonstrating the company's effectiveness in using investor funds to grow earnings.

EPS

Earnings Per Share, a key indicator of a company's profitability, calculated by dividing the company's net income by its total number of outstanding shares.

DFL

Degree of Financial Leverage, a ratio measuring the sensitivity of a company's earnings per share to fluctuations in its operating income, due to changes in its capital structure.

Optimal Capital Structure

The most favorable blend of debt and equity financing that minimizes a company's cost of capital while maximizing its market value.