As a Result of the Civil War

question 3

Multiple Choice

As a result of the Civil War,

• A) the population of the United States declined.
• B) political dishonesty grew while honesty in business rose.
• C) the North developed a strong sense of moral superiority.
• D) the great majority of political and business leaders became corrupt.
• E) waste, extravagance, speculation, and graft reduced the moral stature of the Republic.

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Definitions:

Accounts Receivable Period

The mean duration that a company takes to collect payments from its customers for products or services provided on credit.

Cash Collection Period

The average period of time between when a sale is made on credit and when the payment is received.

Bank Deposit

Funds placed into a banking institution for safekeeping, which can include savings accounts, checking accounts, and certificates of deposit.

Inventory Cycle

The process or time frame from when inventory is acquired to when it is sold, highlighting inventory management efficiency.