Which of the Following Statements Is True

question 10

Multiple Choice

Which of the following statements is true?

• A) Middle and South America occupied an advantaged position in global trade after initial contact with Europe.
• B)Middle and South America were able to advance economic development within the region with the large profits garnered from supplying Europe and North America with raw materials.
• C) The negative environmental impacts of the region's extractive industries have largely been ignored.
• D) The region of Middle and South America has few natural resources to draw in outside interest.

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Definitions:

Vouchers

Documents that serve as evidence of a transaction and propose a future payment, detailing the conditions and amounts to be paid.

Cash Register Tape

A continuous roll of paper used in a cash register to record transactions.

Debt Management

Strategies and processes used by individuals or organizations to handle their debt effectively.

Days' Sales Uncollected

A financial ratio that measures how efficiently a company is collecting revenue from its credit sales by calculating the average number of days that sales remain uncollected.