The Cotton Gin Was Invented by

question 133

Multiple Choice

The cotton gin was invented by

• A)Thomas Jefferson.
• B)Benjamin Franklin.
• C)Eli Whitney.
• D)William Clark.
• E)None of these are correct.

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Definitions:

Partnership

A formal business enterprise where multiple individuals collaborate in management and profit distribution.

Cost Method

An accounting method where investments are recorded at their original purchase cost, without adjustment for increases or decreases in market value.

Liquidated

Liquidated refers to the process of converting assets into cash, often associated with dissolving a company or selling off its assets to pay off debts.

Trading Securities

Financial instruments that are purchased with the intention of selling them in the near term to profit from their price movements.