How Were Blacks Accounted for in the Three-Fifths Clause of the Constitution

question 36

Multiple Choice

How were blacks accounted for in the Three-Fifths clause of the Constitution?

• A) Free blacks were granted citizenship and given the right to vote.
• B) Each state would have two black representatives in the Senate.
• C) Slaves were counted as three-fifths of a person for tax and representation purposes.
• D) The national government would have the power to abolish the slave trade at any time.
• E) Three-fifths of the slave states would have to end slavery by 1824.

Recognize the influence of biases and estimation errors on capital budgeting decisions.

Understand terminal value calculation and its implications on capital budgeting.

Comprehend the specific application of MACRS for tax purposes and its impact on project profitability.

Evaluate the net investment required for a project considering tax implications.

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Definitions:

Rate Variance

The difference between the expected or standard cost and the actual cost incurred for a particular expense, often analyzed in budgeting and cost management.

Budget Variance

The difference between the budgeted or planned amount of expense or revenue and the actual amount incurred or received.

Denominator Activity

The level of activity used to compute a predetermined overhead rate, representing the total amount of absorption base that is expected to be utilized.

Efficiency Variances

Refers to the differences between the actual and standard costs attributable to efficiency in using resources, often analyzed in labor and variable overhead.