Which of the Following Factors Contributed Most to the End

question 50

Multiple Choice

Which of the following factors contributed most to the end of the transatlantic slave trade in the nineteenth century?

• A) The Industrial Revolution
• B) Few Africans remaining to be enslaved
• C) Enlightenment ideas about European superiority

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Definitions:

FIFO

An inventory valuation method that assumes the first items placed in inventory are the first sold, standing for First In, First Out.

Gross Profit

The difference between sales revenue and the cost of goods sold, indicating the profitability of a company's core activities.

Periodic Inventory System

An accounting method where inventory is updated and cost of goods sold is calculated at the end of an accounting period.

FIFO

FIFO stands for "First-In, First-Out," an inventory valuation method where goods first acquired are sold or used first, ensuring that older inventory is used before newer inventory.