The Northwest Ordinance,which Allowed for the Addition of States to the Union,required

question 28

Multiple Choice

The Northwest Ordinance,which allowed for the addition of states to the Union,required new states to do which of the following?

• A)sign the Constitution
• B)send men to join the militia
• C)sign a peace treaty with local Indian tribes
• D)send supplies to the federal government
• E)have constitutions acceptable to Congress

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Definitions:

Net Operating Working Capital

The difference between a company's operating current assets and its operating current liabilities, indicating the efficiency and short-term financial health in the company's core operations.

Terminal Loss

The amount that can be deducted against income if, on the sale of the last asset in an asset class, the undepreciated capital cost is positive.

CCA Recapture

In Canadian taxation, the portion of the Capital Cost Allowance that is added back to income when an asset is disposed of for more than its undepreciated capital cost.

Risk-adjusted Cost of Capital

The rate of return that must be achieved in order to compensate for the risk of an investment, adjusting the cost of capital according to the risk involved.