The Revolution in Navigational Techniques and Knowledge Dramatically Reduced the Cost

question 3

True/False

The revolution in navigational techniques and knowledge dramatically reduced the cost of long-distance shipping and multiplied the number of ports around large bodies of water such as the Indian Ocean.

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Definitions:

Board of Directors

A group of individuals elected by the shareholders of a corporation to oversee the management and make major decisions affecting the company's policy and strategy.

Common Stockholders

Individuals or entities that own shares of common stock in a corporation, granting them voting rights and a share in the company's profits.

Minimum Dividends

The smallest amount of dividends a company decides to pay out to its shareholders, often based on agreements or policy.

Par Common Stock

The nominal or face value of a common stock as stated in the corporate charter, unrelated to its market value.