Which European Power Settled the First Enduring Colony in the New

question 39

Multiple Choice

Which European power settled the first enduring colony in the New World?

• A) Spain
• B) Sweden
• C) France
• D) England
• E) Portugal

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Definitions:

Voucher System

An internal financial control system for managing disbursements and ensuring all transactions are properly documented and approved before payments are made.

Periodic Inventory Method

An accounting method where inventory is physically counted at the end of each period to determine the cost of goods sold and ending inventory.

Petty Cash Fund

Fund (source) that allows payment of small amounts without the writing of checks.

Approved Voucher

A document or record that authorizes a payment and confirms that goods or services have been received and are satisfactory, ready for payment processing.