During the Last Quarter of the Nineteenth Century, Southern Agriculture

question 124

Multiple Choice

During the last quarter of the nineteenth century, Southern agriculture

• A)saw a significant diversification of its crops.
• B)saw a decline in absentee ownership of farmland.
• C)regained the profitability it had prior to the Civil War.
• D)saw a deceleration of the processes begun in the postwar years.
• E)saw the great majority of farmers live under the tenant system.

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Definitions:

Initial Cost

The first financial outlay required to acquire an asset or start a project, including all necessary expenses to make it operational.

Gain Or Loss

A financial result that occurs when the selling price of an asset differs from its cost or adjusted basis.

Batting Cages

Enclosed areas for baseball or softball players to practice batting, typically equipped with pitching machines.

Fixed Asset Turnover Ratio

The number of dollars of sales that are generated from each dollar of average fixed assets during the year, computed by dividing the net sales by the average net fixed assets.