Settlers Often Received 50 Acres of Land for Each Person

question 31

Multiple Choice

Settlers often received 50 acres of land for each person whose passage they paid to America.  This was known as

• A) a special purpose grant.
• B) an entailment.
• C) the headright system.
• D) planter's shares.

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Definitions:

Specific Invoice Method

An accounting method for managing inventory by tracking the cost associated with each specific unit of inventory.

Sale Items

Products that are offered to customers at a reduced price for a promotional or clearance purpose.

Specific Invoice Method

A method used in inventory and cost accounting to specifically track the cost associated with individual inventory items.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including material and labor expenses.