Many New Technologies and Most of Europe's Trade with Asia

question 11

Multiple Choice

Many new technologies and most of Europe's trade with Asia in the late Middle Ages came to Europe through __________.

• A) Italian trading cities such as Venice and Genoa
• B) long-distance sea voyages by English merchants
• C) African middlemen
• D) Chinese merchants sailing across the Indian Ocean

---

Definitions:

Net Operating Income

Revenue from the primary business activities of a company, with no deductions for interest and taxes.

Variable Manufacturing Overhead

Variable manufacturing overhead refers to the manufacturing costs that vary with the level of production output, such as utilities and certain labor costs.

Variable Cost

Costs that vary directly with the level of production or volume of output.

Fixed Cost

A cost that remains constant regardless of the level of goods or services produced within a certain range.