All of the Following Are Reasons for Increased Reliance on Slave

question 77

Multiple Choice

All of the following are reasons for increased reliance on slave labor, after 1680, in colonial America except  

• A) higher wages in England reduced the number of emigrating servants.
• B) planters feared the growing number of landless freemen in the colonies.
• C) the British Royal African company lost its monopoly on the slave trade in colonial America.
• D) Americans rushed to cash in on the slave trade.
• E) the development of wheat as a staple crop in the British colonies.

---

Definitions:

Inventory Valuation Method

The approach used to assess and report the value of a company's inventory, including methods such as FIFO (First In, First Out), LIFO (Last In, First Out), and average cost.

Financial Reports

Documents that provide an overview of a business's financial condition, including balance sheets, income statements, and cash flow statements.

Periodic Inventory System

An inventory accounting system where updates to inventory levels are made periodically, often at the end of an accounting period, rather than continuously.

Specific Invoice Method

Valuing of inventory where each item is identified with a specific invoice.