How Did the Lower South Acquire the Slaves It Used

question 42

Multiple Choice

How did the Lower South acquire the slaves it used after 1808?

• A) It continued to import slaves from Africa.
• B) It bought them from plantation owners in the Caribbean.
• C) It established breeding centers in northwestern Georgia.
• D) It acquired most of its slaves from the Upper South.
• E) It arranged for the passage of Africans as indentured servants and then forced them into slavery.

Understand the implications of a proposal's profitability index being greater than one.

Calculate the after-tax cash flows and net present value of replacement investments.

Identify the advantages and limitations of using net present value (NPV) for investment appraisal.

Understand the assumptions underlying discounted cash flow analysis and their implications on investment decisions.

---

Definitions:

Corporation

A legal entity that is separate and distinct from its owners, providing the owners with limited liability.

Limited Liability

A legal structure that limits the financial liability of company owners to the amount they invested, protecting personal assets from business debts.

Shareholder Control

The power exercised by shareholders to influence a company’s decisions, often through voting rights associated with share ownership.

Stock Exchange

A marketplace where securities, such as stocks and bonds, are bought and sold, facilitating the trade between buyers and sellers.