For the Purpose of Determining Representation in the New Congress

question 8

Multiple Choice

For the purpose of determining representation in the new Congress the slave-holding southern states ____________.

• A) were opposed to any enumeration of slaves
• B) wanted to count each slave as a whole person
• C) refused to ratify the new constitution if slavery was acknowledged
• D) demanded extra representation to protect them from slave uprisings
• E) wanted additional representation to protect their interests from northern intrusion

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Definitions:

Capital Budgeting

The process by which a business evaluates and selects long-term investments based on their potential to generate net cash flows over time.

After-Tax Discount Rate

The rate used to discount future cash flows to their present value after accounting for taxes.

Working Capital

The difference between a company’s current assets and current liabilities, indicating the amount of liquid assets available to fund the company’s day-to-day operations.

Discount Factor

A multiplier used to discount future cash flows to their present value.