One Reason That the British Did Not Try to Break

question 53

Multiple Choice

One reason that the British did not try to break the Union blockade of the South during the Civil War was that  

• A) they feared losing Northern grain shipments.
• B) they did not want to fight against the superior American navy.
• C) the British upper class had supported the North from the onset of hostilities.
• D) the war caused no economic problems for Britain.
• E) the South resented British interference.

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Definitions:

Operating Activities

Activities related to the core business functions of a company, including production, sales, and delivery of its products or services.

Net Income

The final earnings of a business once all costs and taxes are removed from the overall revenue.

Indirect Method

A way of reporting cash flows from operating activities in the statement of cash flows by adjusting net income for changes in balance sheet accounts.

Operating Activities

Activities that relate directly to the running of a business for profit, including production, sales, and distribution.