Which Statement Is False

question 202

Multiple Choice

Which statement is false?

• A)Before the Civil War about three quarters of the farms of over 500 acres were located in the South.
• B)The great abundance of land was the most influential factor in our economic development during the 19th century.
• C)Although the percentage of Americans living on farms has declined substantially over the last 70 years,the actual number of people living on farms has remained constant.
• D)None of the statements are false.

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Definitions:

Salvage Value

The expected sale price of an asset at the end of its effective life.

Net Operating Cash Flows

The amount of cash generated by a company's normal business operations after paying operating expenses and taxes.

Present Value

The current worth of a future sum of money or stream of cash flows, given a specified rate of return.

Net Present Value

A financial metric used to evaluate the profitability of an investment or project, calculated by subtracting the initial investment from the present value of future cash flows.