How Did the Chinese View the Results and Findings of Their

question 23

Multiple Choice

How did the Chinese view the results and findings of their Maritime Expeditions of the 1400s?

• A) They concluded that all Westerners were evil and to be avoided.
• B) They feared barbarians would try to destroy their fragile empire.
• C) They thought the outside world had nothing significant to offer the Chinese.
• D) They were not ready technologically to embark on lengthy sea ventures.
• E) They felt that exploring an area once was sufficient, and return voyages were unnecessary.

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Definitions:

Internal Rate of Return

A financial metric used to evaluate the profitability of potential investments, calculating the discount rate that makes the net present value of all cash flows equal to zero.

Payback Period

Payback period is the duration required to recover the cost of an investment, calculated by dividing the initial investment by the annual cash inflow.

Net Present Value

A financial metric used to evaluate the profitability of an investment, calculated by subtracting the present value of cash outflows from the present value of cash inflows over a period of time.

Salvage Value

The determined residual amount of an asset at the cessation of its utility.