A Collective Hope of the European Countries Colonizing Africa Was

question 44

Multiple Choice

A collective hope of the European countries colonizing Africa was that their colonies would be

• A) places to which they could re-settle their excess population.
• B) sources of great wealth that would help them to balance their economies.
• C) places from which they could obtain household servants, since most of theirs had taken jobs in the factories.
• D) good sources from which they could obtain much needed mineral resources.
• E) areas where they would at least break even by implementing cash cropping.

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Definitions:

Fixed Cost

Costs that do not change with the level of output produced, such as rent, salaries, and insurance.

Composite Units

A measure used in cost accounting for aggregating the cost of similar items or processes into a single figure.

Fixed Costs

Financial obligations like rent, salaries, and insurance premiums that do not fluctuate with changes in production or sales levels.

Sales Data

Information and statistics related to the sale of goods and services, used by businesses to analyze performance, forecast trends, and make strategic decisions.