Which of the Following Best Explains Why the Portuguese Dominated

question 20

Multiple Choice

Which of the following best explains why the Portuguese dominated the Indian Ocean sea lanes in the early sixteenth century?

• A) The Portuguese developed the joint stock company, which allowed them to invest more freely.
• B) The Portuguese used their superior navigational abilities to travel outside the sight of land.
• C) The Portuguese mounted small cannons on their vessels to bombard ports and rival ships.
• D) The Portuguese negotiated an exclusive trade relationship with the Ming for porcelain.

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Definitions:

Absorption Costing

A cost calculation approach encompassing all production expenses, such as direct materials, direct labor, along with both variable and fixed overhead costs, in determining the price of a product.

Unsold Units

Inventory items that have not been sold during a specific period, representing potential revenue that has not been realized.

Absorption Costing Balance Sheet

A financial statement that includes all manufacturing costs (direct labor, direct materials, and manufacturing overhead) in the value of finished goods inventory.

Variable Costing

An accounting method that considers only the variable costs directly attributable to the production of goods, excluding fixed manufacturing costs from inventory valuation.