Why Was the Ratification of the Articles of Confederation Delayed

question 22

Multiple Choice

Why was the ratification of the Articles of Confederation delayed?

• A) Disputes over the lands west of the Appalachian Mountains.
• B) Disagreements over provisions of treaties with the Northwestern Indians.
• C) Differing opinions about navigation rights on rivers that served as boundary lines between states.
• D) Concerns landlocked states had over commercial rights.

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Definitions:

Accounts Payable Turnover Ratio

A financial metric used to analyze how quickly a company pays off its suppliers by comparing net credit purchases to the average accounts payable during a period.

FICA

The Federal Insurance Contributions Act (FICA) is a U.S. law that mandates a payroll tax on both employees and employers to fund Social Security and Medicare programs.

Social Security

A government program that provides financial benefits to retirees, disabled workers, and their families.

Current Liability

A company's debts or obligations that are due within one year or within the normal operating cycle.