The Three-Fifths Compromise Referred to

question 68

Multiple Choice

The Three-Fifths Compromise referred to

• A) giving states with small populations three-fifths of the number of representatives as large-population states.
• B) allowing three slave states into the Union for every five nonslave states allowed to enter.
• C) counting large states as equal to small states in the Senate but not the House.
• D) counting slaves as three-fifths of a person when determining a state's population.

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Definitions:

Capital Lease

A lease agreement that is considered a purchase of an asset for accounting purposes, because it transfers substantially all the risks and rewards of ownership.

Bargain Purchase Price

A price for an asset that is significantly below its fair market value.

CRA

Credit Risk Analysis, assessing the risk of default on a loan by evaluating the potential borrower's creditworthiness, or it could stand for Canada Revenue Agency, the federal agency responsible for tax laws for the Canadian government.

Operating Lease

A lease agreement allowing the use of an asset without ownership, typically with shorter terms than capital leases.