What Is True About the Relationship Between the Creoles and the Peninsulares

question 41

Multiple Choice

What is true about the relationship between the Creoles and the peninsulares in Latin America in the late eighteenth and early nineteenth centuries?

• A) The Creoles resented the economic and political dominance of the peninsulares.
• B) The two groups joined forces against the Indians and mestizos.
• C) Both competed for favors from Spain.
• D) The peninsulares tried to woo the Creoles into an alliance.

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Definitions:

Horizontal Analysis

A side-by-side comparison of two or more years’ financial statements.

Vertical Analysis

A method of financial statement analysis in which each entry for each of the three major categories of accounts (or financial statements) is represented as a proportion of the total account.

Common-Size Financial Statement

A financial analysis tool that presents all line items as a percentage of a common base figure, making it easier to compare financial statements of different-sized companies.

Vertical Analysis

A method of financial statement analysis in which each entry for a given period is represented as a proportion of a chosen total.