Profit from Seventeenth-Century European Colonies in the Americas Was Increasingly

question 71

Multiple Choice

Profit from seventeenth-century European colonies in the Americas was increasingly based on

• A)cash crops, especially sugar and tobacco.
• B)extraction of wealth, such as silver, rather than production.
• C)manufactured goods produced in the colonies.
• D)drugs and herbal medicines produced by the Indians.
• E)the fur trade.

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Definitions:

Secretarial Compensation

The specific salary and benefits package provided to individuals employed in secretarial or administrative roles, often reflecting their skills, experience, and the complexity of their responsibilities.

Compa-ratio

A metric that compares an individual's salary to the midpoint of the market or company pay scale, indicating how closely the company aligns with market rates.

Pay Range

The spectrum of compensation an employer is willing to offer for a position, reflecting minimum and maximum potential earnings.

85th Percentile

A statistical measure indicating that 85% of a given population scores below a particular point, often used in compensation to set wages above market rates to attract top talent.