The European Explorers Who Followed Columbus to North America

question 79

Multiple Choice

The European explorers who followed Columbus to North America

• A) intended to found a new nation.
• B) continued to view themselves as Europeans.
• C) did not consider America as the western rim of the European world.
• D) no longer saw themselves as subjects of European kings.
• E) saw little difference between their lives in America and their lives in Europe.

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Definitions:

Margin Of Safety

The difference between actual or projected sales and the break-even point, indicating the amount of sales that can decline before a business incurs a loss.

Fixed Costs

Fixed costs are business expenses that remain constant regardless of the level of production or sales activity, such as rent and salaries.

Absorption Costing

A financial accounting technique that integrates all costs incurred from manufacturing, including direct materials, direct labor, along with both fixed and variable overhead costs, into the total cost of a product.

Direct Materials

Raw materials that can be directly linked to the production of finished goods in manufacturing.