Amerigo Vespucci

question 104

Multiple Choice

Amerigo Vespucci:

• A) named the New World after himself.
• B) helped to correct Columbus's theory that he had found a route to Asia.
• C) agreed with Columbus that Native Americans were East Indians.
• D) was funded by the English.
• E) actually named the continent Vespucci, but it was changed.

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Definitions:

Total Cost

The complete expenditure incurred by a business, combining both fixed and variable costs to produce goods or services.

Variable Cost

Costs that vary directly with the level of production or sales, such as materials and labor.

Rate of Return

The profit or deficit incurred on an investment during a certain period, shown as a percentage of the original investment amount.

Target Cost

The maximum amount that can be spent on a product to ensure a desired profit margin is achieved.