What Characterized the First Generation of New England Land Settlement

question 103

Multiple Choice

What characterized the first generation of New England land settlement?

• A) It was characterized by communal ownership of property.
• B) It was characterized by a few elite families acquiring rights to most of the property.
• C) It was characterized by farms scattered around the countryside, away from village centers.
• D) It was characterized by large cities connected by private stagecoach lines.
• E) It was characterized by houses tightly clustered near the town center with just enough cropland to feed each family.

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Definitions:

Payables Deferral Period

The average time between the purchase of goods or services by a company and the payment of this outstanding money to its suppliers.

Cash Conversion Cycle

The length of time between the firm’s actual cash expenditures on productive resources (materials and labour) and its own cash receipts from the sale of products (i.e., the length of time between paying for labour and materials and collecting on receivables). Thus, the cash conversion cycle equals the length of time the firm has funds tied up in current assets.

Accounts Payable

Accounts Payable is the amount of money owed by a company to its creditors for goods and services purchased on credit.

Financial Cost

Expenses associated with borrowing funds or purchasing on credit, including interest expenses, fees, and other charges.