Which of the Following Statements Is True About the Beginnings

question 45

Multiple Choice

Which of the following statements is true about the beginnings of European slavery?

• A)The Portuguese who traded with African kingdoms bartered for African slaves and carried them back to Portugal as living novelties.
• B)Slavery was a prominent form of labor and was based on one's race throughout the fifteenth century.
• C)The first modern economy dependent primarily on race-based slavery was established by the English in the late 1300s.
• D)The preoccupation with race-based slavery declined in the late sixteenth century.
• E)Most of the slaves used by the Portuguese were free laborers who came from different professions.

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Definitions:

Stockholders’ Equity

The ownership claim of shareholders on total assets. It is to a corporation what owner’s equity is to a proprietorship.

Cumulative Preferred Stock

A type of preferred stock that entitles shareholders to receive dividend arrearages in full before any dividends can be issued on other shares.

Par Value

The nominal or face value of a stock or bond, as stated by the issuing company.

Dividends Received

Earnings distributed to shareholders from the investments in other companies.