To Comply with the Jim Crow Laws, Milton, the Owner

question 45

Multiple Choice

To comply with the Jim Crow laws, Milton, the owner of a chain of restaurants, reserves the restaurants on Wiley Street for whites and the restaurants on Mosray Street for blacks. All his restaurants provide the same quality of food, services, and facilities. In this scenario, Milton observes the _____.

• A) Monroe Doctrine
• B) preferred position doctrine
• C) separate-but-equal doctrine
• D) Truman Doctrine
• E) preferred freedoms doctrine

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Definitions:

Cost of Capital

The minimum earnings rate required by a company on its investment endeavors to maintain market valuation and attract funding.

Budgetary Limit

The maximum amount of money allocated for a specific purpose in a budget.

IRRs

The Internal Rate of Return is the discount rate at which the net present value of all cash flows from a specific project is zero.

NPV

Net Present Value, a calculation used to determine the present value of a series of future cash flows by discounting them at a specific rate.