As a Consequence of the Dawes General Allotment Act, an American

question 59

Multiple Choice

As a consequence of the Dawes General Allotment Act, an American Indian man known among white people as Michael receives 80 acres of American Indian tribal land. Which of the following is in accordance with the act?

• A)Michael is allowed to sell the land five years after the allotment.
• B)The government holds the land allocated to Michael in trust for 50 years.
• C)The government holds the land allocated to Michael in trust for 25 years.
• D)Michael becomes a U.S. citizen nine years after the allotment.
• E)Michael is allowed sell the land 15 years after the allotment.

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Definitions:

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year, calculated by dividing current assets by current liabilities.

Net Working Capital

The difference between a company's current assets and current liabilities, indicating short-term financial health.

Short-term Bank Loan

A loan borrowed from a bank with a repayment period typically less than one year, often used for immediate liquidity needs.

Fixed Assets

Long-term tangible assets that are used in the operations of a business, such as machinery, buildings, and equipment, and are not expected to be converted into cash in the current or upcoming fiscal year.