When the Dutch Established Their Trading Center on the Hudson

question 1

Multiple Choice

When the Dutch established their trading center on the Hudson River in present-day New York, who did they want to trade with?

• A) Iroquois to the west
• B) French to the north
• C) English to the south
• D) Algonquians to the east

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Definitions:

Payback Period

The time it takes for an investment to generate an amount of income or cash equivalent to the cost of the investment itself.

Straight-line Basis

Straight-line basis is a method of calculating depreciation and amortization, wherein an asset's cost is evenly spread over its useful life.

Cash Flow

A measurement of the net amount of cash and cash-equivalents being transferred into and out of a business.

Incremental Cost Approach

A decision-making process that focuses on the changes in total cost that would result from a decision to pursue one alternative over another.