What Did the Northwest Ordinance of 1787 Not Do

question 12

Multiple Choice

What did the Northwest Ordinance of 1787 not do?

• A) ban all slavery in territory west of the Appalachians after 1800
• B) provide rules and regulations for the sale of land
• C) support public education
• D) provide ways for the area to form states and come into the union

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Definitions:

Variable Costs

Costs that change in proportion to the amount of goods produced or the volume of sales, like labor and materials.

Contribution Margin Ratio

The ratio that represents what percentage of sales contributes to the covering of fixed costs, calculated by subtracting variable costs from sales revenue and dividing the result by sales revenue.

Operating Income

Earnings from a company's core business operations, excluding revenue and expenses from non-operating activities like investments.

Variable Costs

Costs that vary depending on a company’s level of activity.