What Were the Main Exports from the Spanish Colonies in the Early

question 47

Multiple Choice

What were the main exports from the Spanish colonies in the early years of colonialism?

• A)The locals exported high-quality handcrafted goods.
• B)The colonies exported slaves to the homeland.
• C)The Spanish farmers exported large quantities of sugar.
• D)The colonists exported the highly-popular new product of tobacco.
• E)The Spanish colonies shipped large amounts of precious metals.

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Definitions:

Overhead Cost

Indirect costs of running a business that can't be linked to specific products or services but are necessary for the business to operate.

Assembly Hours

The total hours spent on the assembly stage of the manufacturing process, often used in costing and performance measurement.

Activity-Based Costing

A costing method that assigns overhead and indirect costs to specific activities, providing more accurate insights into the true costs of production.

Activity Rates

In activity-based costing, the cost allocation rate for each activity cost pool, allowing for more accurate product or service costing.