An Important Political Development in Europe During the 15th-16th Centuries

question 41

Multiple Choice

An important political development in Europe during the 15th-16th centuries that facilitated exploration throughout the world was?

• A)the bubonic plague
• B)the use of the horse as a means of power and transportation
• C)the Columbian Exchange
• D)the development of large, unified nation-states

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Definitions:

Capital Budgeting

The process a business undergoes to evaluate potential major investments or expenses.

New Business Ventures

Initiatives or projects that involve starting a new business or expanding into new markets or products.

Equipment Replacement

The process of substituting old, worn-out, or obsolete equipment with newer, more efficient models or versions.

Discount Rate

A rate used to convert future cash flows into their present value, fundamental in the assessment of investment attractiveness.