What Contributed to the Emergence of Venice as a Major

question 4

Multiple Choice

What contributed to the emergence of Venice as a major commercial city?

• A)Its abundant natural resources
• B)Its willingness to trade with non-Italians
• C)Its close ties to the Roman papacy
• D)Its large and growing rural population
• E)Its close trading ties the Byzantine Empire

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Definitions:

Planning Budget

A budget created for a specific level of activity, used as a tool for decision making and planning within an organization.

Supplies Cost

The amount spent on materials and goods required for the operation of a business that are not directly included in the final product.

Spending Variance

The difference between the actual and budgeted spending. It is used in budgetary control to identify discrepancies and manage costs.

Travel Expenses

Costs associated with traveling for the purpose of conducting business-related activities.