The Following Questions Refer to the Excerpt Below

question 48

Multiple Choice

The following questions refer to the excerpt below.
"[The land in the New World] is a marvel;the mountains and hills,and plains,and fields,and land,so beautiful and rich for planting and sowing,for breeding of cattle of all sorts,for building of towns and villages…there are many spiceries,and great mines of gold and other metals. The people of this island,and of all the others I have found and seen,or not seen,all go naked,men and women,just as their mothers bring them forth….as soon as I arrived in the Indies,in the first island that I found,I took some of them by force to the intent they should learn [our speech] and give me information of what there was in those parts."
Letter from Christopher Columbus to Luis de Santángel,1493
-Which of the following cultural and economic shifts was NOT a result of the events described in the passage?

• A) Europeans increasingly isolated themselves and tried to maintain cultural and political autonomy.
• B) Europeans increasingly exploited Native Americans for labor.
• C) Europeans dramatically altered their views of the social, political, and economic relationships between themselves and natives.
• D) There was an increased debate over how Native Americans should be treated by Europeans.

Identify how information technology supports entrepreneurial ventures.

Discern the types of financing available to entrepreneurs and their characteristics.

Grasp the concept of intrapreneurship and its importance within an organization.

Understand the impact of education on entrepreneurship.

---

Definitions:

Cash Receipts

Represents the total cash inflows from transactions, including sales and asset dispositions, during a specific period.

Cash Payments

Financial transactions that involve the transfer of cash to settle a debt or purchase goods and services.

Separate Schedule

A detailed list or report that is prepared apart from the main financial statements or documents.

Noncash Expenses

Expenses reported on the income statement that do not involve actual cash flow, such as depreciation and amortization.