-How Did This Pamphlet Printed by the Virginia Company Contradict

question 32

Multiple Choice

-How did this pamphlet printed by the Virginia Company contradict what actually took place in the Virginia colony?

• A) Ocean voyages to Virginia actually took longer than what the pamphlet advertised.
• B) Early colonists failed to get rich from farming and finding gold.
• C) The pamphlet ensured that colonists would get along with neighboring Indians.
• D) Virginia focused more on religious toleration than wealth.

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Definitions:

Internal Control

The process implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Purchase Discounts

A reduction in the price of goods bought, usually for early payment or in bulk quantity.

Net Method

An accounting technique that reports invoice amounts and accounts payable after deducting any available discounts for early payment.

Cash Discount

A reduction in the price paid for goods or services offered to the buyer as an incentive for early payment.