Why Did the American Colonization Society Acquire the Land in West

question 71

Multiple Choice

Why did the American Colonization Society acquire the land in West Africa that eventually became the country of Liberia?

• A) The Society saw it as a source of new slaves for the American South.
• B) The Society saw it as a location to build a white nation on the African continent.
• C) The Society saw it as a place to transport free blacks and freed slaves.
• D) The Society saw it as a land they could rule over like a kingdom.
• E) The Society saw it as a valuable source of coal and diamonds.

---

Definitions:

Relevant Range

The range of activity within which the assumptions about fixed and variable cost behaviors are valid.

Sunk Cost

A past cost that has already been incurred and cannot be recovered, which should not influence future financial or business decisions.

Net Operating Income

The profit generated from a company's ordinary, day-to-day business operations, calculated by subtracting operating expenses from gross profit.

Contribution Approach

A method of income statement presentation where variable costs are deducted from sales to find the contribution margin.