How Did the Asante Kingdom Use Its Access to Gold

question 19

Multiple Choice

How did the Asante kingdom use its access to gold to begin its growth and development?

• A) The Asante used their gold to buy firearms, which they used to raid neighboring communities for captives to be sold as slaves.
• B) The Asante used their gold to trade across the Saharan caravan routes for salt, which was a necessity of life in the rain forest.
• C) The Asante used gold to bribe the Europeans to keep them from capturing their people as slaves.
• D) The Asante used gold to finance scholarly and architectural centers like Timbuktu.

Understand the impact of transactions on the cash balance.

Distinguish between different types of accounts (asset, liability, equity, revenue, and expense accounts) and their roles in accounting.

Know the role and function of the trial balance in the accounting process.

Recognize the importance of posting and the potential effects of posting errors on financial statements.

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Definitions:

Perception

The process by which individuals interpret and organize sensory information to make meaningful interpretations of the world.

Lengel-Daft Contingency Model

is a theoretical framework suggesting that the effectiveness of communication in organizations depends on the alignment between the information processing needs and the capacity of the information system.

Communication Medium

The channel or method used to convey messages or information between sender and receiver.

Telecommuting

A work arrangement in which employees do not commute to a central place of work but use telecommunications technology to work from home or another remote location.