The So-Called Olive Branch Petition to the King in 1775

question 119

Multiple Choice

The so-called Olive Branch Petition to the king in 1775

• A)more or less declared that a state of war existed in North America.
• B)called for increased trade between the colonies and the mother country.
• C)attacked George III.
• D)belligerently affirmed colonial rights.
• E)affirmed the loyalty of the colonists to the crown

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Definitions:

Simple Rate Of Return

A calculation that measures the percentage return on an investment or project, not accounting for the complexity of interest compounding.

Cash Operating Expenses

Expenses that a company pays out in cash during an operational period, including salaries, utilities, and rent, but excluding non-cash expenses like depreciation.

Annual Depreciation

The allocation of an asset's cost over its useful life, representing how much of an asset's value has been used up during a fiscal year.

Simple Rate Of Return

A straightforward method of calculating the return on investment by dividing annual incremental net operating income by the initial investment cost.