The First Continental Congress​ ________

question 55

Multiple Choice

The First Continental Congress​ ________.

• A) ​did not advocate outright independence from England
• B) ​encouraged the colonial militias to arm themselves
• C) was formed ​in protest to the series of legislation passed by Parliament
• D) began to collect and store weapons
• E) ​All of these choices are correct.

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Definitions:

Covenants

A promise by the firm, included in the debt contract, to perform certain acts. A restrictive covenant imposes constraints on the firm to protect the interests of the debtholder.

Payables

Short-term liabilities or money owed by a company to suppliers or creditors for goods and services received.

Rebate

A partial refund to someone who has paid too much money for tax, rent, or a utility, or an incentive payment to induce a particular purchase or behavior.

Cash Balance

The amount of cash in a company's accounts at any given time, important for ensuring liquidity and operational compatibility.