The Intention of the Navigation Acts Was to ________

question 3

Multiple Choice

The intention of the Navigation Acts was to ________.

• A) remove the Dutch as a commercial competitor
• B) promote English industrial development
• C) keep the American colonies weak and dependent
• D) stimulate colonial economic diversification
• E) finance the British navy

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Definitions:

Debt Financing

Raising capital through the borrowing of funds to be repaid with interest over time.

FIFO Method

First In, First Out, an inventory valuation method where the oldest inventory is sold first.

Inventory Value

Inventory value is the total cost or market value of all the goods held by a company that are ready or will be ready for sale.

Cost Of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials and labor.