Which of These Resulted from the Other Three

question 75

Multiple Choice

Which of these resulted from the other three?

• A) Phillip II sent the Armada against England.
• B) Henry VIII broke with the Catholic Church.
• C) Elizabeth I established a moderate form of Protestantism in England.
• D) Francis Drake launched a series of raids against Spanish New World ports and fleets.

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Definitions:

Retention Ratio

The percentage of net income that is retained in the business rather than paid out as dividends; synonymous with Plowback Ratio.

Cash Dividends

Cash dividends refer to the distribution of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders in the form of cash.

Selling and Administrative Expenses

Costs associated with the daily operations of a business that are not directly linked to producing the product or service but are necessary for selling and managing the business.

Plowback Ratio

A financial metric indicating the proportion of earnings a company decides to retain for reinvestment, rather than distributing as dividends.