Which of the Following Statements Is NOT True During the Colonial

question 51

Multiple Choice

Which of the following statements is NOT true during the colonial years,according to Hughes and Cain (2011) ?

• A) Labor organizations were considered, by law, criminal conspiracies against society.
• B) Colonial society provided for its aged and sick poor; others had to work.
• C) Efforts to control wages and prices by governmental authority were present.
• D) Compulsory labor applied only to slaves and indentured servants.
• E) Idle persons were frequently jailed for the crime of having no visible means of support.

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Definitions:

Investment

The allocation of resources, usually money, in expectation of achieving a future return or profit.

Annual Dividend

The total amount of dividends a company pays out to its shareholders each year, usually quoted as an amount per share.

Constant Rate

A stable growth or decline rate over a period, often used in the calculation of interest and financial forecasting.

Discount Rate

This is the interest rate used in discounted cash flow (DCF) analysis to present values of future cash flows back to their value today.