All of the Following Are True of the "Vacant Quarter

question 19

Multiple Choice

All of the following are true of the "vacant quarter" EXCEPT that __________________.

• A) the area was rapidly depopulated by a flu epidemic
• B) is was centered in the American Bottom portion of the Mississippi Valley
• C) inhabitants were pressured by the arrival of more northerly tribal farmers
• D) it resulted from the collapse and abandonment of Middle Mississippi chiefdoms

---

Definitions:

Turnover

The rate at which inventory or assets are replaced over a given period, or alternatively, the total amount of a company's sales or revenues.

Net Operating Income

The total profit of a company after operating expenses are subtracted, but before taxes and interest are deducted.

Average Operating Assets

The average value of the assets involved or used in the operating activities of a company over a given period, typically calculated as the average of the opening and closing balances of these assets.

Residual Income

Earnings that exceed the minimum required return on investment; it's what remains after all costs and expenses have been deducted.