James Lived in the New Colonies of Canada and Worked

question 33

Multiple Choice

James lived in the new colonies of Canada and worked on the family farm,helping his father and older brothers.He wanted to marry May,who lived six farms over,but his parents thought she was too flighty to make a good farmer's wife.Which of the following was the most likely result?

• A) James' parents probably eventually approved of the marriage because they were in need of another worker on the farm.
• B) James went ahead and married anyway, because he felt the New World allowed for freedom and individuality.
• C) James seriously considered his parents' opinion because he depended on their goodwill and the family farm for his income.
• D) James and May engaged in premarital sex so that his parents would agree to the marriage to prevent family shame.

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Definitions:

Quick Ratio

A financial metric that measures a company's ability to meet its short-term obligations with its most liquid assets.

Liquidity

The ease with which an asset can be converted into cash without affecting its market price.

Current Ratio

Current assets divided by current liabilities.

Inventory Turnover

Sales divided by total inventory.