What Were the Two Lessons That the English Learned After

question 44

Essay

What were the two lessons that the English learned after their failure at Roanoke and how did it lead to the expansion of joint stock companies?

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Definitions:

Administrative Expense

Costs related to the general operation of a company, such as salaries of executive officers, legal and corporate office expenses.

Planning Budget

A budget designed for a particular level of activity, used for planning purposes at the beginning of a period.

Spending Variance

The difference between the actual amount spent and the budgeted amount in a specific period.

Selling

The process of persuading potential buyers to purchase a product or service, often involving marketing, negotiation, and sales strategies.