The Land Ordinance of 1785 Provided for All of the Following

question 50

Multiple Choice

The Land Ordinance of 1785 provided for all of the following except  

• A) money from land sales should be used to pay off the national debt.
• B) the land should be surveyed before its sale.
• C) the territory should be divided into townships six miles square.
• D) the sixteenth section should be sold to support education.
• E) slavery should be prohibitedin the Old Northwest.

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Definitions:

Capital Investment

Financial allocation towards the purchase or maintenance of long-term assets such as property, plants, and equipment, with the expectation of generating future returns.

Qualitative Characteristic

A feature used to describe or categorize non-quantitative aspects of items, events, or conditions, often used in accounting and finance to evaluate factors that are not numerically based.

Internal Rate

Often referring to the internal rate of return (IRR), it is the discount rate that makes the net present value (NPV) of all cash flows from a particular project equal to zero.

Capital Investment

Funds spent by a company to acquire or upgrade physical assets to further its long-term goals and operations.