Which of the Following Statements Is True of Plantation Life

question 37

Multiple Choice

Which of the following statements is true of plantation life?

• A) Once established, a plantation could basically run by itself.
• B) Most fixed costs for plantations were quite low.
• C) The fact that plantation families seldom moved created a great deal of stability.
• D) The suicide rate was twice the rate of Northern factory workers.
• E) Psychological strains, frequent moves and chronic debt were the norm for most plantation owners.

Understand the fundamental characteristics and components of wisdom.

Identify the role of long-term memory and working memory in expertise and decision making.

Recognize the barriers to effective decision making, including biases and fixedness.

Define and distinguish between creativity, intelligence, and expertise.

---

Definitions:

Dividends

Distribution of a corporation’s earnings to stockholders.

Closed

Refers to an account, operation, or period that has been finalized and no longer available for transactions or adjustments.

Posting

The process of transferring the debits and credits from the journal entries to the accounts.

Debit

An entry recorded on the left side of an account ledger, signifying an increase in assets or expenses or a decrease in liabilities, equity, or income.