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Serjik [45]
3 years ago
8

What were the responsibilities of Louisiana factors during the antebellum period? Choose three answers.

Social Studies
1 answer:
djyliett [7]3 years ago
4 0

Answer:

overseeing the arrival of shipments at ports

arranging the shipment of crops and building materials

loaning money to farmers for supplies

Explanation:

Louisiana factors refers to a group of people who manage a collection of assets owned by other wealthy individuals. Their duty is similar to a modern-day supervisor/managers that's hired by company owners to manage their businesses.

Things such as overseeing goods/merchandise transportation, arranging how the goods should be distributed and loaning money to purchase supplies usually fall under their job description.

From the options above, there are only two options that were not part of Louisiana factors' responsibility:

- Funding public  construction projects

This is the responsibility of the capital owners, not the factors.

- Harvesting and planting cash crops

This is the responsibility of the workers. The factors' position is a bit higher than that.

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Explanation:

An entrepreneur is a person who initiates a business and runs it to earn profits. He is fully aware of the risk associated with the business in the form of loss, but he puts his efforts to run the business in the hope of earning profits.

Assets are things which add value to the business. Assets are basically a company's long term, fixed, liquid or current possessions. Assets may include the following:

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